After four weeks of stability, the market shifted toward typical seasonal expectations with a decline of -0.17%, according to a Sept. 24 report from Black Book Market Insights.

Despite last week’s drop, the rate of decline remains smaller than usual for this time of year, as pre-COVID, this same week averaged a drop of roughly a quarter percent in valuations. 

Car Segments

• On a volume-weighted basis, the overall Car segment decreased -0.12%. For reference, in the previous week, cars decreased -0.01%.
• The 0-to-2-year-old Car segments were up +0.11% and 8-to-16-year-old Cars decreased -0.05%.
• Eight of the nine Car segments reported decreases last week. However, five of the nine 0-to-2-year-old Car segments saw increases, with Compact Cars experiencing the largest gain of +0.93%.
• Among the 2-to-8-year-old aged Car segments, Compact Car was the only one to see an increase last week, with a gain of +0.24%. This marks the fifth increase in the last six weeks for this segment.
• Premium Sporty Cars saw the largest decline last week, dropping by -0.52%, which is a significant acceleration in depreciation compared to the previous week’s decline of only -0.08%.

Truck / SUV Segments

• The volume-weighted, overall Truck segment decreased -0.20% compared to the increase seen the prior week of +0.03%.
• The 0-to-2-year-old models saw an average decrease of -0.05%, whereas the 8-to-16-year-old models experienced an average decrease of -0.31%.
• Ten of the thirteen Truck segments reported a decrease last week.
• After four consecutive weeks of increases, the overall Truck segment reported a decline last week. However, the Small Pickup segment continued its upward trend, gaining +0.28% and marking the sixth consecutive week of appreciation.
• Compact Vans experienced the largest decline last week, dropping by 0.74%. The segment has been on a downward trend for twenty-four weeks, with an average weekly decline of 0.52%.