Ricky Beggs
Editorial Director
Black Book
While it’s usually a time of the year with more passive buyers and generally increasing depreciation of values levels, the recent activity within auction lanes indicates a better than expected market. Interest was more directed at small, fuel-efficient cars, smaller utilities, and pickups. A $.15 per gallon rise in gas prices had something to do with it, and its $.21 per gallon higher than a year ago.
Check out this week’s Black Book report on auction lane trends
If Gas Price Increases Continue, Expect More Interest in Smaller Vehicles:
On other side, construction and service industries still want pickups, which offsets price trend and helps trucks.
Overall Car Segments Average Change Level Increased Slightly to -$41:
Better retention segments were those more fuel efficient models – Compact Cars at -$9 and Entry Level Cars at -$14.
Average Truck Segment Change of -$35 is Lowest Level Over Past 10 Weeks:
Compact SUVs actually increased by $62, 4th straight week of positive weekly changes.
