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Wholesale values saw steep declines in both the car and truck segment last week, as the overall wholesale market continues to experience seasonal drops.
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Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
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Honda received the company’s top spot for the mainstream brand category and Land Rover earned the stop for the luxury brand category.
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Vincentric has announced the winners of its 7th annual Best Certified Pre-Owned Value in America Awards and Ford, Subaru, and Lexus were some of the key winners.
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After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
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Subcompact crossovers were the only segment that saw a positive change last month, compact vans and luxury cars saw the biggest declines.
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Certified pre-owned vehicles have been strong this year. If the segment's current pace continues it should be able to beat out last year's record sales year.
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Both the car and truck segment saw similar depreciation: overall car segment values decreased 0.51% last week compared to 0.65% the week before while truck segment values decreased 0.54% compared to 0.48% the week before.
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The used wholesale market showed strength in September, as values overall held up in line with what’s expected in summer, but the market is also beginning to show signs of weakness.
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Wholesale used vehicle prices decreased 1.04% in September compared to prices the month before, according to Cox Automotive’s latest Manheim Used Vehicle Value Index report.
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