THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Depreciation was low through most of 2019 but saw somewhat of an abrupt acceleration at the start of the fall season. As supply and demand continues to be strong, the outlook for depreciation in 2020 is cautiously positive.
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.
The last week of November continued the downward spiral in used vehicle values, marking the weakest month in two years for wholesale values.
Black Book found that gains among sporty cars (0.43%), compact cars (0.34%), and midsize cars (0.22%) kept retained values essentially flat compared with September (115.9), even as several truck categories showed losses.
Wholesale values saw steep declines in both the car and truck segment last week, as the overall wholesale market continues to experience seasonal drops.
Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
Subcompact crossovers were the only segment that saw a positive change last month, compact vans and luxury cars saw the biggest declines.
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.
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.