Both the car and truck segments continued to bask in spring-bounce-lifted values last week, however, the seasonally high values may be beginning to come back down from their peak, according to Black Book's April 15 Market Insights report.
Overall car segment values last week were up 0.29%, compared to up 0.25% the week before. Overall truck segment values were up 0.19% last week, compared to a decline of 0.01% the week before.
Within the car segment, subcompact cars, compact cars, full-size cars, and sporty cars realized the highest gains. Average wholesale values for these segments were up 0.55%, 0.53%, 0.76%, and 0.55%, respectively.
Midsize crossovers/SUVs, minivans, and small pickups excelled within the truck segment. Values for these vehicles were up 0.55%, 0.59%, and 0.54%, respectively.
Luxury vehicles continue to struggle in both the car and truck segments. Every luxury segment that Black Book tracks was down in the truck segment. The same was mostly true within the car segment; the only exception was the near luxury segment, which saw a slight rise in value.