Wholesale Market Stabilizes

By Staff Writer October 06, 2023 1124
Seven of the nine Car segments decreased last week. Seven of the nine Car segments decreased last week.

As the UAW strike continues, the wholesale market has settled into a period of stability when it comes to pricing trends. However, buyer interest has been up at auctions with the conversion rates continuing to climb each week, according to Black Book Market Insights.

 

Car Segments

  • On a volume-weighted basis, the overall Car segment decreased -0.15%. For reference, in the previous week, cars decreased by -0.29%.
  • The 0-to-2-year-old Car segments were down -0.03% and 8-to-16-year-old Cars declined -0.09%.
  • Seven of the nine Car segments decreased last week.
  • Sub-Compact (+0.04%) and Compact (+0.02%) Car segments increased last week, compared to the prior week’s decline of -0.48% and -0.35%, respectively. Prior to last week’s increase, the Compact Car segment had been declining consistently for the previous eighteen weeks, for an average weekly change of -0.94%.
  • Prestige Luxury Car had the largest decline last week, down -0.44%, compared to the prior week’s decline of -0.25%.

 

Truck / SUV Segments

  • The volume-weighted, overall Truck segment decreased -0.05%, which is much less than the depreciation seen the prior week, of –0.19%.
  • The 0-to-2-year-old models were stable with a 0.00% average change last week, while the 8-to-16-year-olds declined -0.25%.
  • Three of the thirteen Truck segments increased last week, with Small Pickup reporting the largest increase at +0.26%, followed by Mid-Size Crossover (+0.19%) and Compact Crossover (+0.09%). The Mid-Size Crossover segment also increased +0.08% the week prior.
  • Compact Van had the largest decline, with a drop of -1.28%. The segment has been declining for twenty-five consecutive weeks with an average weekly decline of -0.62%.
Rate this item
(0 votes)
Last modified on Thursday, 12 October 2023 10:48