Auto Market Update Week Ending Apr 1, 2023 (PDF)

In another week of larger-than-typical gains, the market increased by +0.51%. The market continues to decline in full-size and compact vans, but the rate of decline is decreasing each week. Nineteen of the twenty-two segments we report on each week had gained last week.

• Last week, eight out of nine car segments increased.
• The overall Car segment increased by +0.62% volume-weighted. For comparison, the previous week, cars increased by +0.61%.
• Compared to the previous week’s gain of +0.88%, Compact Cars gained +0.90% last week.
• The prestige luxury car segment reported a forty-third consecutive week of declines, but the rate of decline was very minimal, only -0.03%, the lowest decline since June 2022.
• Last week, eleven out of thirteen truck segments reported increases.
• Compared with the previous week, the volume-weighted Truck segment increased by +0.46%.
• Last week, eleven out of thirteen truck segments reported increases.
• After gaining +1.66% in the previous week, the Minivan segment gained +1.31% this week.
• Full-Size (-0.10%) and Compact (-0.24%) Vans continued to decline, but depreciation is slowing.

Week Over Week Wholesale Price Changes

Car Segments Weekly Wholesale Price Changes

Truck Segments Weekly Wholesale Price Changes

Retail (Used and New) Insights

• Ram presented its proposals for a mid-size electric pickup truck to dealers during a Las Vegas meeting, which could potentially be added to the lineup in the near future.
• As Rivian struggles with manufacturing issues and Lucid contends with waning demand, EV newcomers Rivian and Lucid are likely to report disappointing first-quarter deliveries.
• More than 330,000 Honda vehicles have been recalled because their side view mirrors detach.
• Hyundai and Kia are recalling over 500,000 vehicles because of a potential fire hazard related to the tow hitch harness.

Wholesale