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Weekly Vehicle Depreciation Rates – October 18

by Appraisal Engine on October 18, 2016

Article: Weekly Vehicle Depreciation Rates for the week of October 17, 2016.

Fourth quarter typically experiences largest depreciation in vehicle values. This trend is already starting to show in the first two weeks of this quarter with the largest YTD weekly decline in car values.

Wholesale average values

Highest Weekly Decline in Car Segment Values YTD

  • Overall car segment values decreased by 0.92% last week, much higher than the depreciation rate of 0.61% seen in the previous four weeks.
  • Sports Car segment declined by 1.32%.
  • Luxury Car segment declined 1.24%.
  • Full-Size Car segment declined by 1.03%.
  • Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.63% last week, higher than the depreciation rate of 0.55% seen in the previous four weeks.
  • Sub-Compact Crossover segment declined the most by 1.13%.
  • Minivan segment declined by 1.03%.
  • Mid-Size Crossover/SUV segment declined by 0.88%.

Luxury Car Retention Rate Trend

model-year

As seen in the chart above, the retention rate of luxury cars has remained consistent in the past few years until this year when it declined slightly by 3 percentage points. For 2010 Model Year, the retention in September 2012 was 54%. In comparison, for 2014 Model Year, the retention in October 2016 dropped to 50%.

Source: weekly-vehicle-depreciation-rates-for-the-week-of-october-17-2016


Weekly Vehicle Depreciation Rates


Written by:

Diminished Value of Georgia

Published by:

Diminished Value of Georgia

on

Article: Weekly Vehicle Depreciation Rates for the week of October 17, 2016.

Fourth quarter typically experiences largest depreciation in vehicle values. This trend is already starting to show in the first two weeks of this quarter with the largest YTD weekly decline in car values.

Highest Weekly Decline in Car Segment Values YTD

Overall car segment values decreased by 0.92% last week, much higher than the depreciation rate of 0.61% seen in the previous four weeks.
Sports Car segment declined by 1.32%.
Luxury Car segment declined 1.24%.
Full-Size Car segment declined by 1.03%.
Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.63% last week, higher than the depreciation rate of 0.55% seen in the previous four weeks.
Sub-Compact Crossover segment declined the most by 1.13%.
Minivan segment declined by 1.03%.
Mid-Size Crossover/SUV segment declined by 0.88%.
Luxury Car Retention Rate Trend

As seen in the chart above, the retention rate of luxury cars has remained consistent in the past few years until this year when it declined slightly by 3 percentage points. For 2010 Model Year, the retention in September 2012 was 54%. In comparison, for 2014 Model Year, the retention in October 2016 dropped to 50%.

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