Volume-weighted, overall car and truck segments both showed signs of slowing down after 15 consecutive weeks of increases, with the overall market increasing by only 0.03% this past week (compared to 0.27% the prior week), according to Black Book’s recent Market Insights report.
As for specifics, the overall car segments decreased by 0.22% (compared to 0.04% the prior week), and the overall truck and SUV segments increased again this past week at 0.18% (compared to 0.41% the prior week).
For the car segment, sporty cars took the hardest hit with a decline in values of 0.72. Compact cars also took a substantial adjustment with a 0.54% drop. The only car segments showing any strength this past week were the premium sporty car with an increase of 0.38% and near luxury car with an increase of 0.27%.
For overall trucks (including pickups, SUVs, and vans), a majority of the segments had changes that register as “stability” with the exception of full-size trucks and compact vans that had large increases, 0.84% and 0.82%, respectively.
Full-size trucks have been on exceptionally strong recently and continued their ascent for the fourteenth week in a row. New truck deliveries have increased in frequency and volume, but consumer demand remains high. Compact vans is a very small segment, with a relatively low price point, so even small dollar changes in the market register as a large percentage change.