Demand in the wholesale market continues to be strong, however, values in the car segment finally saw a small decline after a seven week span of growth, according to Black Book's May 13 Market Insights report.
Overall car segment values were down 0.08%, compared to a 0.08% increase the week before. Sporty cars were the only vehicles in the car segment to see an improvement in average wholesale value last week, as sporty car values improved 0.22% last week.
Luxury and prestige luxury cars realized the highest decline to wholesale value among cars last week: values for luxury cars fell 0.41% week-over-week, while values for prestige luxury cars fell 0.49%.
Meanwhile, truck segment values continued to improve last week, marking the eighth week of wholesale value growth for the segment.
Overall truck segment values were up 0.09%, compared to an increase of 0.05% the week before.
Small pickups and full-size pickups were the strongest performers, growing 0.55% and 0.32%, respectively. Subcompact and mid-size luxury crossovers/SUVs experienced the biggest decline through the week, as wholesale values for both segments fell 0.22%.