Luxury segments, full-size vans and electric vehicles have been experiencing a continued downward trend, according to Black Book Market Insights released this week. Despite this trend, last week was characterized as “stable”, as the overall market saw a slight uptick of 0.01%.

Car Segments:

• On a volume-weighted basis, the overall Car segment increased +0.04%. For reference, in the previous week, cars increased +0.21%.
• The 0-to-2-year-old Car segments were down -0.06% and 8-to-16-year-old Cars increased +0.15%.
• Four of the nine Car segments increased last week.
• For the first time in over a month, the slightly used units (aged 0-to-2-years) experienced a decrease of -0.06%. The decline was primarily driven by luxury segments, although the Sub-Compact and Mid-Size categories also saw a decrease.
• The Sporty Car category maintained its position as the leader in growth, registering an increase of 0.40% last week, which follows a slightly higher gain of 0.43% the previous week.

Truck / SUV Segments:

• The volume-weighted, overall Truck segment increased +0.01% compared to the depreciation seen the prior week of -0.02%.
• The 0-to-2-year-old models gained +0.01% on average and the 8-to-16-year-olds decreased by -0.14% on average.
• Five of the thirteen Truck segments increased last week.
• The Full-Size Van segment’s decline persisted due to an oversupply of units offered for sale in recent weeks, though there was a deceleration in the depreciation trend last week, with a decline of -0.53%. Outside of last weeks’ 0.53% drop, the previous three weeks saw declines greater than 1%.
• Last week, Full-Size Pickups continued their upward trend with an increase of +0.13%. However, their smaller counterparts, Small Pickups, experienced a decline of -0.12% during the same time. This marked the first decrease for the segment since mid-February.