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The lull that the wholesale market experienced through January and February was upended in March, as the industry saw the traditional spring bounce in values, according to the most recent Manheim Index report.
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Vehicle depreciation accounted for 32.9% of the total cost of ownership over the past 12 months, which continues a three-year trend of declining depreciation costs, according to a new study from Motus.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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In the month preceding the start of the Spring season, trucks continued to show the resilience they've shown in past months. A few key segments showed particular strength and luxury vehicles continued to struggle.
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A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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Wholesale luxury car and compact van values declined during a week where overall depreciation remained fairly stable.
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This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.
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Subcompact crossovers, compact luxury crossovers/SUVs, and compact vans fell by 1.78%, 1.61%, and 1.55% last week, representing the highest depreciation among all vehicles.
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The two months of falling vehicle values may be an indicator of what depreciation might look like in 2019.
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After several weeks of rising depreciation, vehicle values stabilized last week.
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