Gasoline price decreases, increasing used vehicle inventory, the federal budget impasse, and seasonality are being carefully watched by Black Book; Gas prices saw continued decline, with the past week at $3.35 – another $.02 decline. It didn’t have an adverse effect on fuel-efficient vehicles until this past week when the segments had a larger weekly declining level; Entry Level Cars saw a change of -$48 versus -$22 the prior week.
Level of Change Appears to Be Driven by Some Seasonality Reaction:
Cars saw segment change of -$74, and change level has been increasing for past three weeks.
Trucks Saw Overall Change at -$64 – Largest Segment Change for Past 8 Weeks:
Luxury SUVs, Compact Crossovers, and Full-size SUVs saw smaller declines.
Level of Change at Slightly Larger Levels from Year Ago for Cars and Trucks:
Also seeing highest volume of daily changes since week ending June 21, 2013.