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Van, pickup, and compact car wholesale values stood out last week, amid a fairly stable wholesale market, according to Black Book's Aug. 12 Market Insights report.
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Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
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The average value of used fleet vehicles increased 1.5% to $13,758 in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.
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Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.
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Car values continued to weaken and truck values strengthened last week, as the summer months approach.
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With the exception of luxury vehicles, most vehicle segments saw stable values last week.
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Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
Read More →Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
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Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
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Overall car segment values were down 0.08%, compared to a 0.08% increase the week before. Overall truck segment values were up 0.09%, compared to an increase of 0.05% the week before.
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