With March coming in as a strong month for auto sales across the board, Black Book’s Ricky Beggs says dealers struggle to find bargains in the lanes.
Get the facts and figures as projected by Beggs for the week.
All told, 15 of the 24 segments Black Book tracks finished with higher prices week-over-week, according to editors. They determined average car prices dipped by $3 for the second week in a row while average truck prices rose by $7, the same level as the past two weeks
“Based on the survey personnel comments from their views from the auction lanes the final adjusted numbers fall right in line,” Beggs said.
Looking at some specific prices movements among cars, Black Book mentioned that dealers are looking for economic, fuel-efficient models, creating demand for entry level cars (up $32), compact cars (up $15), upper midsize cars (up $16) and entry midsize cars (up $5)
Of note on the truck side, prices for compact SUVs moved higher for the seventh consecutive week, rising $26. And prices for compact crossovers climbed for the fourth time in the last five weeks, increasing $19.