Black Book Calls Overall Market ‘Stable’

By Staff Writer May 02, 2024 544
Five of the thirteen Truck segments increased last week, according to Black Book Market Insights. Five of the thirteen Truck segments increased last week, according to Black Book Market Insights.

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.
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Last modified on Wednesday, 08 May 2024 10:43