Black Book Market Insights’ report shows the market continued to increase last week, but the rate of gain slowed down slightly to +0.43%, compared with the prior week’s increase of +0.51%. Despite the market reporting the smallest single week increase in a month, the gains still remain far larger than what is typically experienced this time of year.
- On a volume-weighted basis, the overall Car segment increased +0.52%. For reference, the previous week, cars increased by +0.62%.
- Eight of the nine Car segments increased last week.
- Prestige Luxury Car minimally increased with a gain of +0.0026%, this was the first time this segment has had an increase in values since last June.
- The Sporty Car segment has now been in positive territory for 12 consecutive weeks with an average weekly increase of +0.60%.
- The volume-weighted, overall Truck segment increased +0.39%, compared with the prior week’s increase of +0.46%.
- Twelve of the thirteen Truck segments reported increases last week.
- Compact Van returned to positive territory for the first time since last September, with a minimal gain of +0.05%.
- Minivan (+1.12%) was the only segment to report a gain greater than 1% last week.