Higher than typical seasonal depreciation across many segments resumed last week, after news broke that the United Auto Workers and Stellantis, Ford, and General Motors reached tentative deals to end the six-week strike. Last week, the Crossover segments reported some of the largest declines while the Car segments remained more consistent with typical seasonal declines.

 Car Segments

• On a volume-weighted basis, the overall Car segment decreased -0.57%. For reference, in the previous week, cars decreased by -0.53%.
• The 0-to-2-year-old Car segments were down -0.49% and 8-to-16-year-old Cars declined -0.53%.
• All nine Car segments decreased last week.
• Mid-Size Cars had the largest Car segment decline last week, depreciating -0.99%, compared with -0.60% the week prior.
• Sub-Compact Car also had a large depreciation last week, dropping -0.92%. Over the last four weeks, the segment has averaged a weekly decline of -0.85%.
• Premium Sporty Cars continue to report minimal depreciation, dropping -0.13% compared with the prior week’s -0.15%.

Truck / SUV Segments

• The volume-weighted, overall Truck segment decreased -1.12% compared to the depreciation seen the prior week of –0.63%. This is the first time since the week before Labor Day that depreciation exceeded 1%.
• The 0-to-2-year-old models declined -0.86% on average and the 8-to-16-year-olds decreased by -1.18%.
• All thirteen Truck segments declined last week.
• Compact and Full-Size Vans were hot commodities during the pandemic and after record setting increases, the segments are now experiencing consistent large declines. The Compact Vans declined -2.01% last week, versus 1.80% the week prior.
• The Compact Crossover segment also had a large decline last week, dropping -1.74%. This compares with the prior week’s decline of -1.13%.