Luxury Values Continue to Struggle Amid Stable Market

With the exception of luxury vehicles, most vehicle segments saw stable values last week, according to Black Book's May 27 Market Insights report.

Overall car segment values declined 0.17% last week, compared to 0.05% the week before. Overall truck segment values declined 0.01% last week, compared to 0.02% the week before.

Car segment values were mostly flat, only the luxury, prestige luxury, and premium sporty cars saw noticeably high depreciation last week. Luxury car values declined 0.54% last week, after dropping 0.78% the week prior. Prestige luxury and premium car values declined 0.64% and 0.66%, respectively.

Most truck segment vehicles saw similar levels of depreciation last week. Full-size crossovers/SUVs, small pickups, and full-size pickups had the best showing last week, as values for these vehicles either stayed the same from week-to-week, or increased slightly. Full-size crossovers/SUVs saw a 0.1% week-over-week increase; small pickup values were flat; and full-size pickup values were up 0.19%.

Compact vans and full-size vans had the highest depreciation through the week, as values for the two segments were down 0.25% and 0.26%, respectively.

"The spring market uptrend is over but prices remain stable," said Anil Goyal, executive vice president operations for Black Book. "The late-model and lower-priced vehicles have the strongest demand."

Originally posted on Vehicle Remarketing