The market continues to defy typical seasonal trends, posting a +0.11% increase last week, a notable contrast to the pre-pandemic average for this week, which typically saw a decline of just around -0.20%, according to Black Book’s weekly insights.

Nationwide sales rates remain robust, consistently averaging above 60%, with strong bidder attendance and level of bidding activity.

Car Segments:

• On a volume-weighted basis, the overall Car segment increased +0.08% For reference, in the previous week, cars increased +0.17%.
• The 0-to-2-year-old Car segments were up +0.18% and 8-to-16-year-old Cars increased +0.13%.
• Six of the nine Car segments reported an increase in values last week.
• After eight consecutive weeks of gains, averaging a weekly increase of +0.31%, the Compact Car segment experienced a shift last week, declining by -0.31%. Vehicles aged 0 to 2 years also saw a decrease of -0.28%, while those aged 8 to 16 years continued to rise, recording an increase of +0.13%.
• The Full-Size Car segment recorded its tenth consecutive week of gains last week, posting an increase of +0.45%. This surpasses the ten-week average weekly increase of +0.40%.
•  

Truck / SUV Segments:

• The volume-weighted, overall Truck segment increased +0.11% compared to the increase seen the prior week of +0.26%.
• The 0-to-2-year-old models saw an average increase of +0.18% and the 8-to-16-year-old models experienced an average increase of +0.11%.
• Nine of the thirteen Truck segments experienced an increase in values last week.
• The Minivan segment continues to show substantial weekly gains, rising by +0.75% last week, following a +0.84% increase the prior week. Over the past nine weeks, the segment has averaged a weekly increase of +0.48%.
• After eleven consecutive weeks of gains, the Full-Size Crossover/SUV segment experienced a decline of -0.32%. Vehicles aged 8 to 16 years saw a steeper drop of -0.64%, while those aged 0 to 2 years decreased by -0.20%.