After two months of rising wholesale values, the car segment has begun to see declines at auction.
Courtesy of Black Book.
Truck wholesale values remained flat last week, as car wholesale values continued to slide, according to Black Book’s May 21 Market Insights report.
Overall, car segment values decreased 0.27% last week, compared to 0.08% the week before. Overall truck segment values decreased 0.05% last week, compared to 0.08% the week before.
Nearly all car segments saw their values decline last week. Only two segments — sporty and premium sporty cars — experienced a rise in wholesale price. The biggest declines through the week came from luxury and compact cars.
“Sedans drop in value but sporty cars see a seasonal increase with summer around the corner,” said Anil Goyal, executive vice president, operations for Black Book. “Luxury cars and crossovers experience a larger decline.”
In the truck segment, subcompact crossovers, subcompact luxury crossovers / SUVs, and minivans yielded the biggest gains in value, rising 0.22%, 0.04%, and 0.14%, respectively. The biggest fall in wholesale value came from mid-size luxury SUVs.
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