The wholesale market remained selective last week, with auction conversion rates easing to 57% as buyers continued to show pricing discipline. On the retail side, used inventory levels continued to rise, but days-to-turn remained steady and listing prices softened only slightly, suggesting the added supply has not yet translated into meaningful retail pressure.
Car Segments
- On a volume-weighted basis, the overall Car segment decreased -0.13%. For reference, in the previous week, cars decreased -0.08%.
- he 0-to-2-year-old Car segments were down -0.04% and 8-to-16-year-old Cars decreased -0.07%.
- Value gains across car segments remained limited last week. Just one of the nine 2-to-8-year-old segments increased in value, while two 0-to-2-year-old segments and four 8-to-16-year-old segments posted gains.
- After six consecutive weeks of declines, the 0-to-2-year-old Mid-Size Car segment increased 0.13% last week. The 8-to-16-year-old segment also turned positive, up 0.01% after four weeks of declines. In contrast, the 2-to-8-year-old segment continued to soften, declining 0.19%.
- The 8-to-16-year-old Sporty Car segment continues to outperform, posting value gains in 17 of the past 20 weeks.
Truck / SUV Segments
- The volume-weighted, overall Truck segment decreased -0.37% compared to the decrease seen the prior week of -0.23%.
- The 0-to-2-year-old models saw an average decrease of -0.32% and the 8-to-16-year-old models experienced an average decrease of -0.32%.
- Value gains across truck segments were limited last week. Among the thirteen 2-to-8-year-old segments, only one posted a value increase. In the 0-to-2-year-old category, just one segment recorded gains, while none of the 8-to-16-year-old segments experienced value increases.
- The 0-to-2-year-old Full-Size Crossover/SUV segment experienced an accelerated rate of depreciation last week, declining 0.52%, its largest single-week drop since late December of last year.
- The 0-to-2-year-old Small Pickup segment reversed course last week, increasing 0.05% after three consecutive weeks of declines.
