Declining Gas Prices Starting to Show Usual Effects

Ricky Beg­gs
Edi­to­r­i­al Direc­tor
Black Book

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.

Check out this week’s Beg­gs on the Used Car Mar­ket

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.

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