Market Insights – August 2015
It is clear where consumer demand is currently, with smaller car segments feeling the heaviest depreciation, while pickups, SUVs and crossovers are at the opposite end of the spectrum.
Market Insights – August 2015 📄
Smaller Cars Hit Hardest in Depreciation over the Last 3 Months
Volume-weighted, overall car values decreased by 0.45% last week. This is similar to the average depreciation rate over the last 12 weeks, but 3/4 of the depreciation rate seen this time last year. Smaller cars have dropped the most over the last 3 months, with the Entry Level Car segment dropping by over 9% in value during that period.
Volume-weighted, overall truck values decreased by 0.19% last week. This is similar to the average depreciation over the last 12 weeks, but 2/3 of the depreciation rate seen this time last year.
Compact Pickup, Mid-Size Pickup and Full-Size SUV segments have retained their value the best over the last 3 months, changing less than 1%.
