Wholesale values increased last week, marking the seventh week of consecutive price growth in the wholesale market, according to Black Book's May 6 Market Insights report.
Gains last week were minimal, remaining essentially flat from the week before, signaling an end to the price gains the market has experienced.
Overall car segment values increased 0.08% last week, compared to 0.12% the week before. Overall truck values increased 0.05% last week, compared to 0.06% the week before.
Compact, sporty, and full-size cars had the strongest showing within the car segment. Compact cars saw average wholesale values rise 0.33%, sporty car values increased 0.25% and full-size car values rose 0.21%.
The weakest showing within the car segment came from prestige luxury cars and luxury cars, which experienced a 0.48% and 0.32% decline, respectively.
The compact van was far-and-away the best-performing vehicle within the truck segment, as values the average wholesale value for the compact van segment increased 1.18% last week. Nearly all vehicles in the truck segment experienced growth to their values last week, the only vehicle segments to see a decline were compact, mid-size, and full-size luxury crossovers/SUVs.
Originally posted on Vehicle Remarketing