According to Ricky Beggs, the VP, Managing Editor at Black Book – National Auto Research, overall, wholesale prices have continuously trended downward over the past several months. But there have been several categories that have shown more volatility than others, seeing wild seesaw price changes over the last three months.
Most Volatile Wholesale Price Segments
Entry-Level Cars (Hyundai Accent, Chevrolet Aveo, Honda Fit, Pontiac G3, Mazda2, Kia Rio, Nissan Versa)
The entry-level cars segment has displayed above-average volatility during the past three months, with prices dropping an average of -$82 this past week compared with just -$4 the previous week. Interestingly enough, the entry-level cars category has performed better than the overall price average for all car segments during this time period.
Full-Size SUVs
The most volatile truck category during the past three months has been the Full-Size SUVs. This segment includes Nissan Armada, Jeep Commander, Dodge Durango, Ford Expedition, Toyota Sequoia, Chevrolet Suburban and GMC Yukon. Values in this segment dropped by an average of -$74 this past week compared with the week of 9/14 when segment values dipped by just -$14.
Other notable segments during the past three months:
- Entry Sporty Cars tracking closest to overall car segment average (BMW 3-Series, Audi A5, Chevrolet Camaro, Dodge Challenger, Chrysler Crossfire, Ford Mustang, Acura TSX). This segment has an average weekly change of -$63 during the past three months.
- Compact Crossovers are tracking closest to overall truck segments (Jeep Compass, Honda CR-V, Mazda CX-7, Chevrolet Equinox, Ford Escape, Jeep Liberty, Mercury Mariner, Toyota Rav4, Acura RDX). This segment has an average weekly change of -$29 during the past three months.
“An overall downward adjustment in the market, combined with higher-than-normal gas prices, has contributed to pockets of volatility for certain segments,” said Ricky Beggs, senior analyst at Black Book. “Some segments in particular, including the Compact Pickups and Entry-Level Cars, have shown above average volatility even though they have outperformed overall segment averages.”
About Ricky Beggs and Black Book
- Ricky Beggs is the VP, Managing Editor at Black Book – National Auto Research.
- He has more than three decades worth of experience analyzing vehicle values for the industry.
- Frequently provides commentary to the auto industry on used-car and specialty vehicle trends, as well as the latest valuation data.
Click here to view Ricky’s weekly video series offering insight into the auto market http://ow.ly/aHFD6. Follow Ricky on Twitter @BeggsBlackBook (https://twitter.com/
