The overall market saw a return to depreciation following the temporary slowdown around the Thanksgiving holiday. While declines were observed across the board, the pace was considered moderate and did not reach the sharp drops—exceeding 1% per week—that were characteristic of late October and early November.
Current depreciation rates are aligning with typical seasonal patterns, a trend often influenced by increased new-car incentives that place downward pressure on used-vehicle values.
Wholesale Price Movements: Week Ending December 6th, 2025
The market saw volume-weighted decreases in both the Car and Truck & SUV segments.
| Segment | This Week’s Depreciation | Last Week’s Depreciation | Average (Same Week) |
| Car Segments | -0.58% | -0.34% | -0.80% |
| Truck & SUV Segments | -0.85% | -0.62% | -0.82% |
| Overall Market | -0.78% | -0.54% | -0.82% |
Insights by Segment
- Car Segment: The overall Car segment experienced a volume-weighted decrease of -0.58%. This figure represents an acceleration of depreciation compared to the previous week’s -0.34% decrease. All nine Car segments reported a dip in values.
- The Sub-Compact Car segment saw its downward trend resume, falling -1.13% last week.
- In contrast, depreciation in the Compact Car segment showed continued easing, declining -0.39% , which is a notable improvement from the four consecutive weekly drops exceeding 1% observed just a few weeks prior.
- Truck & SUV Segment: The volume-weighted Truck segment decreased by -0.85% , which is a greater decline than the prior week’s -0.62% decrease.
- All thirteen truck segments reported declines , with four of them posting drops of more than 1%.
- The 0-to-2-year-old Small Pickup segment continued to exhibit easing declines, dropping -0.50% , a change from the prior six weeks where declines surpassed 1%.
- The 8-to-16-year-old Minivan segment showed below-average depreciation, with a slight slip of only -0.07%.
Auction and Inventory Trends
Auction Activity
Auction performance was characterized as firm-to-strong during the week.
- The conversion rate stood at 57% , supported by solid participation both in-person and online.
- Overall values declined modestly, with cars down $90 (-0.58%) and trucks/SUVs down $160 (-0.85%), primarily driven by softening in the sub-compact and luxury segments.
- Late-model units maintained values closer to guide prices , while older or rougher inventory saw mild depreciation.
- A slight rebound was observed in luxury and full-size SUV values.
Inventory and Turn Rates
- The estimated Used Retail Days-to-Turn (DTD) is now approximately 37 days
