August 2021 Automotive Market Update

Wholesale values declined for the seventh week in a row, but sales rates increased as sellers adjusted floors in reaction to the softening market.
On a volume-weighted basis, the overall Car segment decreased -0.58%.
All three van segments had gained this past week, with Minivan (+0.49%) and Full-Size Van (+0.51%) reporting the largest gains.
Sales rates are improving as sellers are more willing to negotiate after multiple weeks of softening values. The sales rate for this past week came in at 66%, compared to 64% the week prior.
Values of used vehicles across all segments remain at historically high levels.

On a volume-weighted basis, the overall Car segment decreased -0.58%. For reference, the previous week decreased by –0.78%.
Sub-Compact Cars (-0.91%) declined again this past week, after seeing its first declines two weeks ago, which concluded a twenty-five-week streak of increases.
Sporty Cars had the largest declines at -1.19%, while the more expensive Premium Sporty Car segment reported a minimal decline of -0.08%.

The volume-weighted, overall Truck segment declined -0.48% compared to the previous week’s decline of -0.54%.
All three van segments had gained this past week, with Minivan (+0.49%) and Full-Size Van (+0.51%) reporting the largest gains.
Mid-Size Crossovers experienced the largest declines of the thirteen Truck segments, with depreciation of -0.86%.