Improvements in three car segments were enough to offset declines and actually push up the overall value of cars during the week of Feb. 25. That is according to the latest Beggs on the Market video report from Black Book. Overall values increased even though the majority of segments on the car side of the wholesale market were down for the week.
Of the 10 car segments that Black Book tracks, seven were down overall. But the Beggs report stated that the average amount of decline for the week was so small that the three positive segments (sports cars, prestige luxury cars, luxury-level cars) raised the overall car segment average up for the week, reported Ricky Beggs, vice president and managing editor of Black Book.
Overall, Beggs wrote, the wholesale market continued to show strength.
On the truck side, 10 of the 14 segments that Black Book examines each week climbed in value, and the four truck segments that saw decreases dropped a very small amount, he added, saying that the used-vehicle market continues to be strong.