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 estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.
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.
Honda received the company’s top spot for the mainstream brand category and Land Rover earned the stop for the luxury brand category.
Jeep's four-door Wrangler has placed at the top of a list of 10 vehicles that retain the highest percentage of their value over a five-year period, according to the latest report from iSeeCars.
After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.