Free Estimate

Compact SUVs in Strong Demand

by Diminished Value Car Appraiser on September 20, 2017

Automotive Market Report – Sept 2017

Compact SUVs increasing 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.

 

Comments on this entry are closed.

Previous post:

Next post: