The second week of June continued a story of rebounding wholesale prices, with volume-weighted overall car and truck segments both showing gains for a third week in a row, gaining 0.62% overall, Black Book reported.
Volume-weighted, the overall car segments increased by 0.88% (compared to 0.16% the prior week) and the overall trucks and SUV segments increased again this past week at 0.52% (compared to 0.08% the prior week).
Looking closely at segments, all car segments experienced increases, except for sub-compact cars, which have been on a decline since the end of March. For the past four weeks, the compact car segment has had the largest car segment increases, but this past week the top spot was taken by the sporty car segment with a 1.65% increase.
For the overall truck segment values increased by 0.52% last week with all segments increasing except full-size vans. The minivan segment led the increases with a strong rebound of 1.65% after 11 consecutive weeks of declines.