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Subaru earned Kelley Blue Book's award for the mainstream brand category.
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Wholesale values saw unusually low depreciation last week, according to Black Book’s Jan. 21 Market Insights report.
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Wholesale values as of the second week of the new year are holding stable, which is the inverse of the heavy depreciation that late 2019 saw.
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Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
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The wholesale market experienced above average depreciation last week, but there is the sentiment among remarketers that values may begin to stabilize soon.
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CUV/SUVs saw year-over-year declines to their wholesale values, but are still performing well due to continued demand for these segments and cheap gas prices, but an inflection point is approaching.
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Overall car segment values decreased 1.04% last week, compared to 0.91% the week before. Overall truck segment values decreased 1.18% last week, compared to 0.88% the week before.
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The last week of November continued the downward spiral in used vehicle values, marking the weakest month in two years for wholesale values.
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