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.
| This Week | Last Week | 2017-2019 Average | |
| Car segments | -0.58% | -0.78% | -0.15% |
| Truck & SUV segments | -0.48% | -0.54% | -0.19% |
| Market | -0.52% | -0.62% | -0.18% |
- 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%.
