GAINESVILLE, Ga. – Once again, auction prices for cars were on the way down last week. But pickup truck prices began picking up even more.
The latest Black Book Market Insights report said that all car segments Black Book tracks saw prices drop in the lanes last week, while each of the three pickup segments in the data set saw a slight increase.
Overall, car prices fell by an average of 0.37 percent (or $46), while truck rates dropped by 0.12 percent ($19).
And over the last four weeks, car values declined by 1.06 percent, while truck values increased by 0.16 percent, on average, according to Black Book data.
“Most segments declined in value last week, led by small car segments declining the most, while pickups continued to show strength in this post-spring market,” said Anil Goyal, vice president of automotive valuation and analytics.
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