Automotive Market Report – Sept 2017
Compact SUVs increased their value noticeably, giving the truck segment an overall boost in retention value last week. The car segment depreciated by a standard amount with only one vehicle category, Mid-Size Cars, increasing in value by 0.13%.
Active buying continued last week as Texas dealers replenished their inventory. Compact SUVs and Mid-Size Cars did well.
Gas prices have been very stable in the last 12 months. However, the shutdown of the refineries as a result of Hurricane Harvey and increased demand due to Hurricane Irma have resulted in a sudden lift in gasoline prices.
Compact SUVs in Strong Demand
- Volume-weighted, overall car segment values decreased by 0.48% last week, similar to the average
weekly decrease of 0.41% in values over the previous four weeks. - Luxury and sporty vehicles in car segments declined the most while the Mid-Size Car segment showed
a slight increase in value. - Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values were nearly flat
compared to the average weekly decrease of 0.27% in values over the previous four weeks. - Compact Crossover/SUV and Compact Van segments increased the most among truck segments by
0.37% and 0.51%, respectively.
