Closer look at vehicle price trends in one crossover segment
Compact executive crossover Mercedes-Benz GLA250 4Matic. Photo Credit: Sergey Kohl / Shutterstock.com
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LAWRENCEVILLE, Ga. –
Typically, compact luxury crossovers/SUVs have retained their values well.
In fact, a graph of Black Book data going back to January 2013 shows that 3-year-old vehicles in this segment have maintained retention above 54 percent in recent years, sometimes as high as roughly 63 percent.
That is, until this autumn.
According to Black Book’s latest Market Insights report, retention for 3-year-old compact luxury crossovers/SUVs fell to just over 52 percent in November, down 3 to 4 percentage points from year-ago levels.
And last week, these vehicles showed the heaviest weekly price downturn of any truck segment in Black Book’s data set (volume-weighted, 2008-2014 model years) with a 0.71-percent dip.
Midsize luxury crossovers/SUVs were second with a 0.52-percent decline.
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Market-wide price trends
As far as the overall wholesale market (again, market-weighted and model-years 2008-2014), there was improvement in price last week. The dip in car segment values slowed from an average of 0.62 percent in the preceding four weeks to 0.56 percent, according to Black Book.
Likewise, truck segment depreciation slowed from 0.59 percent to 0.31 percent.
“Sales percentages were reported to have improved slightly last week with both car and truck segment values depreciating less than the trends seen in the recent weeks,” Anil Goyal, senior vice president of automotive valuation and analytics at Black Book, said in the report.