After ten consecutive weeks of rising wholesale prices in the overall market, the trend shifted last week, recording a modest decline of – 0.03%. This figure remains below the pre-pandemic seasonal average decline of -0.16%. Meanwhile, newer used inventory, aged 0 to 2 years, continues to show positive growth, with the overall market increasing by +0.03%.

 On a volume-weighted basis, the overall Car segment increased +0.07% For reference, in the previous week, cars increased +0.08%.

• The 0-to-2-year-old Car segments were up +0.09% and 8-to-16-year-old Cars decreased -0.04%.
• Six of the nine Car segments reported an increase in values last week.
• The Sporty Car segment continues its upward trend, rising by 0.47% this week. This marks the ninth consecutive week of gains, with an average weekly increase of 0.40%.
• After ten consecutive weeks of gains, the 2-to-8-year-old Full-Size Car segment reversed course last week, showing a slight decline of 0.05%. Meanwhile, the 0-to-2-year-old segment continued its upward trend with a 0.54% increase, while the 8-to-16-year-old segment experienced a drop of 0.30%.

For the Truck Segment, the volume-weighted, overall Truck segment decreased -0.07% compared to the increase seen the prior week of +0.11%.

The 0-to-2-year-old models saw an average increase of +0.02% and the 8-to-16-year-old models experienced an average decrease of -0.11%.

Five of the thirteen Truck segments experienced an increase in values last week.

The Minivan segment’s growth decelerated last week, recording a modest gain of only 0.15%, a significant drop from the previous four weeks, which averaged a weekly increase of 0.92%. Additionally, the 0-to-2-year-old Minivan segment saw a decline of 0.13%, while the 8-to-16-year-olds maintained positive momentum, rising by 0.35%.

The Compact Luxury Crossover experienced the largest decline last week, dropping by 0.42%. This marks the segment’s first decrease in six weeks.

This analysis is based on approximately two million vehicles listed for sale on U.S. dealer lots. The graph below looks at 2-to-6-year-old vehicles. The Index is computed keeping the average age of the mix constant to identify market movements.