Wholesale market values remain healthy as overall car values continue to increase and truck values remain flat, according to Black Book’s April 25 Market Insights report.
Volume weighted, overall car segment values increased 0.16% last week, according to Black Book data. Overall truck segment values realized no real change compared to the previous week.
“Wholesale markets held steady last week with strong bidding in the auction lanes resulting in most car segments improving in values,” said Anil Goyal, senior vice president of automotive valuation and analytics.
The top performing vehicles in the car segment were compact cars, sporty cars and full-size cars, which saw their values increase on a week-to-week basis by 0.50%, 0.38%, and 0.33%, respectively. The worst performing vehicles in the segment were prestige luxury cars and mid-size cars, with their values decreasing by 0.15% and 0.12%, respectively.
In the truck segment, minivans and compact luxury crossovers/SUVs led the pack, with their prices increasing by 0.47% and 0.26%, respectively. Trailing the pack were full-size vans and full-size luxury crossovers/SUVs, declining 0.38% and 0.14% compared to the week before, respectively.
Originally posted on Auto Rental News