It was another week of large declines, but the overall level of declines showed some signs of slowing, with an overall market decline of -1.49%, compared with the previous week’s -1.86%. With sellers more willing to lower their floors, the expectation is that larger-than-traditional seasonal declines will continue through the end of the year.

Car Segments

• On a volume-weighted basis, the overall Car segment decreased -1.72%. For reference, in the previous week, cars decreased by -2.40%.
• The 0-to-2-year-old Car segments were down -1.36% and 8-to-16-year-old Cars declined -2.15%.
• All nine Car segments decreased last week, with four of those segments reporting declines greater than 2%.
• Sporty (-3.55%) and Full-Size (-3.35%) Car segments had the largest declines last week, compared with -3.32% and -2.83% the week prior, respectively.
• Compact Car had another week of large declines with a drop of -2.28%, but the declines slowed compared to the previous two weeks that were both in excess of -3.5%.
• Premium Sporty Cars, once again, had the lowest depreciation last week, declining -0.37%, a typical single week depreciation for this time of year.

Truck / SUV Segments

• The volume-weighted, overall Truck segment decreased -1.40% compared to the depreciation seen the prior week of -1.64%.
• The 0-to-2-year-old models declined -1.18% on average and the 8-to-16-year-olds decreased by -1.32% on average.
• All thirteen Truck segments declined last week. Two of the thirteen segments had declines greater than 2%, compared with four of the thirteen the week prior.
• The Full-Size Luxury Crossover/SUV (-3.17%) segment reported a third consecutive week with depreciation greater than 3%.
• Compact Vans had the smallest single week depreciation that the segment has experienced in the last six weeks, with a decline of -1.07% last week. The previous six weeks averaged a weekly decline of -3.07%.