VP of Automotive Valuation and Analytics
Cars segments depreciated at twice the rate of trucks last week. Volume-weighted car values decreased by 0.62%, which was higher than the depreciation rate seen in the previous four weeks. Truck values decreased by 0.27%, at the average depreciation rate that’s been seen in the previous four weeks. Car depreciation had picked up slightly from the week before; trucks were stronger on the market, but two segments saw a market correction.
Full-Size Car, Upper Mid-Size Car and Compact Car Dropped in Value Over 0.75%:
Sporty cars and luxury cars performed relatively better than overall car segments.
Compact Pickup and Full Size Cargo Van Segments Had Market Correction:
After several weeks of strong value retention for these two truck segments.
Gap Between Diesel and Gasoline Prices Has Been Eroding Lately:
Gasoline price decreased by $0.032 to $2.802, and diesel saw same price drop to finish week at $2.782.