Automotive
Used Car Depreciation Slows Again
The used car market is a lot of things, but boringly predictable doesn’t seem to be one.
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Depreciation has slowed for another week in a row. Many segments had small value declines, while some even increased value. Here are some points from Black Book's Market Insights.
- Mid and full-size cars had the smallest declines, with -0.12% and -0.14%, respectively.
- Sports Car values increased for the third week in a row by +0.12%
- Overall truck value decreased by -0.23%, which is slower than the previous week's -0.50% depreciation.
- Compact Crossovers rose +0.14%, the first increase since June 2022.
