Steady Wholesale Values Follow Labor Day Sales

Overall used wholesale values remained mostly flat last week, as post Labor Day sales continue to show strength, according to Black Book’s Sept. 17 Market Insights report.

Overall car segment values decreased 0.18% last week, compared to 0.15% the week before. Overall truck segment values decreased 0.28% last week, compared to 0.16% the week before.

Prestige luxury cars had the hardest week within the car segment last week; values for these luxury vehicles decreased 0.46%, the most among all cars. Meanwhile, sporty cars and midsize cars posted the strongest values, as each of these cars showed the smallest depreciation among cars at 0.04% and 0.07%, respectively.

Subcompact crossovers had a particularly good week, as values for this segment was up 0.37% compared to the week before. On the other side of the spectrum, compact vans had a particularly rough week, depreciating 1.32% over the previous week’s value, the highest depreciation among all vehicles last week.