As auctions transition their sales to a completely digital format, wholesale values have remained at healthy levels, according to Black Book’s recent Market Insights report.
Overall car segment values increased 0.32% last week, compared to a 0.32% increase the week before. Overall truck segment values increased 0.20% last week, compared to a 0.16% increase the week before.
In the car segment, all car segments that Black Book tracks saw weekly gains in average wholesale value, except for luxury, prestige and premium sporty cars. Those premium segments saw a 0.07%, 0.23%, and 0.05% decrease in value, respectively.
Truck segment vehicles saw similar increases nearly across the board. Fullsize crossovers/SUVs, subcompact luxury crossovers, full-size luxury crossovers/SUVs, and compact vans were the four truck segment vehicles that declined in value week-over-week.
The general sentiment among buyers through last week were that lower-priced vehicles were particularly in demand. A good condition report was the main factor that pushed buyers toward particular vehicles.