A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
While the end of 2017 brought a record decline in weekly depreciation for cars, volume-weighted, overall truck segment (including pickups, SUVs, and vans) values declined by 0.54% the last week of 2017, according to Black Book. This is in line with the average weekly adjustment of 0.57% over the previous four weeks.
Depreciation among wholesale medium-duty trucks continued to rise through July and August, according to Black Book’s September Specialty Markets report.
As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.
After the first month of the year, depreciation rates for medium-duty trucks are up and overall orders for the segment are down, according to Black Book’s Feb. 7 Market Insights Report.
Used medium-duty truck models (model-years 2005-2012) experienced a 1% resale value decline in February, and resale values for trucks model-year 2013-2014 dropped 0.9%.
Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
The vehicles should finish the year as the only category that will increase in residual value, while the broader market should depreciate more than 12 percent.
Black Book reports modest declines in all medium and heavy duty used truck segments, consistent with good demand and typical depreciation rates.
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