Full-size cars and compact vans continued to thrive, with wholesale values increasing by 0.46% and 0.39% respectively over the prior week period, according to Black Book’s May 1 Market Insights report.
Overall, both the car and truck segments saw a week-to-week improvement in wholesale values among most vehicle segments. Volume-weighted, overall car segment wholesale values were up 0.14% compared to the week before. For the truck segment, values were up 0.06% week-over-week.
“Prices in wholesale markets were strong with high demand from dealers in the bidding lanes. Car segments have seen an increase in value six weeks in a row,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Apart from full-size cars, luxury and sporty car wholesale values also posted healthy gains over the prior week period, rising by 0.26% and 0.23% respectively. Meanwhile, full-size pickups and small pickup also saw small gains within the truck segment, increasing by 0.23% and 0.14%, respectively.
Among all cars, premium sporty cars were the only vehicle segment to experience a decline in wholesale values. Among trucks, mid-size luxury crossovers/SUVs; minivans; compact luxury crossovers/SUVs; sub-compact crossovers; and full-size luxury crossovers/SUVs all posted week-to-week declines in wholesale price.
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