Wholesale pickup truck prices are seeing a small spike heading into September.
Small pickups gained 0.06 percent or $14 and full-size trucks, 0.2 percent or $52, according to BlackBook’s Weekly Market Insight.
Overall, wholesale prices were down 0.1 percent at the start of the month.
“Ahead of the Labor Day holiday, the market remained strong, with overall values showing only a slight decline,” BlackBook noted. “Pickups, both full-size and small, continued their upward trend for the second consecutive week, while mid-size cars also joined the limited number of segments posting week-over-week gains.”
The nine car segments followed by BlackBook fell 0.2 percent or $33. Mid-size cars gained $1 in price. Premium sports cars saw the largest fall, 0.23 percent or $152.
The 13 truck and SUV categories were down $14 or 0.07 percent. Full-size vans dropped $148 or 0.77 percent. Full-size luxury crossover SUVs decreased by $104 or 0.25 percent.
Sales continue to be strong on the auction lanes, with a conversion rate of 63 percent.
“The first half of August was marked by broad declines across both car and truck segments. However, market dynamics shifted in the latter half of the month, with depreciation moderating significantly,” BlackBook reported.
“For the month of August, the average auction conversion was 62.5 percent, still at an elevated level.”
