VP of Automotive Valuation and Analytics
Tax season buying and selling activity appears to be at a high point, with strong levels of change from both the cars and trucks. Entry-Level Cars, Entry-Midsize Cars, and Upper Mid-size Cars showed strength, while Compact SUVs and Full-size Pickups outperformed for truck segments. Entry-Level cars got another look by dealers, seeing the biggest increase among all segments at +0.73% last week. Compact SUV and Full-Size Pickup also saw strength with increases of +0.68% and +0.54%, respectively.
Overall, Volume-Weighted Car Values Increased by +0.05% Last Week:
Extending price performance market strength to five consecutive weeks.
Volume-Weighted Truck Values Stronger than Cars, Up by +0.15% Last Week:
Entry-level cars did very, seeing biggest increase of all segment at +0.73% last week.
Vehicle Segment Markets Continue to Show Broad Strength Across the Board:
Both car and truck values appreciated last week in the strongest week this season.