Wholesale values continued to soften last week, although the pace of depreciation improved slightly from the prior week, according to the Black Book Market Insights report. Auction conversion remained steady at 56%, with buyers continuing to demonstrate disciplined bidding behavior. Clean, retail-ready inventory generated the strongest demand, while pricing remained inconsistent for lower-demand vehicles and segments.
Car Segments
- On a volume-weighted basis, the overall Car segment decreased -0.53%. For reference, in the previous week, cars decreased -0.52%.
- The 0-to-2-year-old Car segments were down -0.45% and 8-to-16-year-old Cars decreased -0.30%.
- Eight of the nine Car segments declined last week, with the exception of one older, 8-to-16-year-old segment that posted a modest gain.
- The Premium Sporty Car segment continued to outperform most Car segments. However, 2-to-8-year-old models recorded their largest weekly decline since December 2024, falling -0.29%. In contrast, the 8-to-16-year-old segment remained stable for a fourth consecutive week, edging up +0.01% last week.
- Despite elevated fuel prices, the Sub-Compact and Mid-Size Car segments have each declined by -0.80% or more for three consecutive weeks. The Compact Car segment has been comparatively resilient, falling -0.62% last week and averaging a smaller -0.70% decline over the same three-week period.
Truck / SUV Segments
- The volume-weighted, overall Truck segment decreased -0.75% compared to the decrease seen the prior week of -0.80%.
- The 0-to-2-year-old models saw an average decrease of -0.58% and the 8-to-16-year-old models experienced an average decrease of -0.64%.
- All thirteen Truck segments declined last week, with depreciation reported across every segment and age band.
- The Minivan segment remained the weakest performer, although depreciation moderated after two consecutive weeks of declines exceeding 2.00%. Values fell -0.98% last week, bringing the ten-week average decline to -1.07% per week.
- The Small Pickup segment experienced a broad-based acceleration in depreciation across all age groups. Newer 0-to-2-year-old models declined -0.60% (vs. -0.29% the prior week), 2-to-8-year-olds fell -0.78% (vs. -0.38%), and 8-to-16-year-olds dropped -0.53% (vs. -0.30%), signaling weakening demand across the segment.
