Vice President of Automotive Valuation and Analytics
The spring’s used vehicle market strength is starting to wane as most segments showed a slight decline or remained flat in wholesale values last week. The volume-weighted car values decreased by -0.11% from last week, and volume-weighted truck values were flat from the previous week. A few dealers reported that they’re seeing a lot of no-sales out there at the auctions.
All Car Segments Except Full-Size Car and Upper Mid-Size Car Dropped in Value:
Top 3 car segments for value increase over last 8 weeks: Upper MidSize, Entry Level, and Compact.
Full-Size CUV, Full Size Passenger Van and Luxury SUV Down 0.4%:
Top 3 truck segments over last 8 weeks: Compact SUV, Full-Size Pickup, and Full Size Cargo Van.
Gasoline and Diesel Prices Increased Less than One Cent Last Week:
Forecast on fuels expects prices to be stable for the rest of 2015.