THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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.
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.
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.
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
With the exception of luxury vehicles, most vehicle segments saw stable values last week.
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
Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
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.
Gains last week were minimal, remaining essentially flat from the week before, signaling an end to the price gains the market has experienced.
Black Book's Used Vehicle Retention Index fell to 113.6 in April, a 0.2% decline from March. Despite the index now falling for five straight months, it is still 1.4% higher than the 112 registered a year ago.