Weekly Sedan Values Lifted by Spring Market
Truck and car values both saw a bump last week, as the spring market continues to lift overall values, according to Black Book's April 8 Market Insights report.
The biggest gains came from the car segment, as nearly every vehicle within the segment, apart from luxury models, experienced an increase in average wholesale value last week.
Image courtesy of Black Book.
Truck and car segment values both saw a bump last week, as the spring market continues to lift overall values, according to Black Book's April 8 Market Insights report.
The biggest gains came from the car segment, as nearly every vehicle within the segment, apart from luxury models, experienced an increase in average wholesale value last week.
Overall car segment values were up 0.25% last week, compared to the week before.
The largest gains came from subcompact cars, sporty cars, and midsize cars. Values for these segments increased 0.74%, 0.53%, and 0.49%, respectively.
Near luxury, luxury, prestige luxury, and premium sporty were the only segments to experience a decline in value last week.
The largest individual vehicle segment gain came from the truck segment; compact vans saw a 0.90% increase in average wholesale value last week. Many other truck segments also experienced week-over-week value gains; however, they were comparatively smaller than the vehicles within the car segment.
The weakest performing vehicles within the truck segment also belonged to luxury makes. Values for subcompact luxury crossovers / SUVs and midsize luxury crossovers/SUVs decreased 0.27% and 0.34%, respectively.
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