Continuing seasonal trends picking up this month, wholesale prices are expected to drop again this week.

NADA Used Car Guide is expecting values to fall by 0.5 percent, or $75.

All segments are expected to stay close within the average percentage change, each expected to decline between a “tight range” of 0.3 percent to 0.5 percent, said David Paris, automotive analyst for NADA UCG.

“Overall losses for the week are expected to remain mild across all segments,” Paris said.

In the 0.5-percent category are the compact car, luxury car and midsize utility segments.  

Compact utilities, large SUVs, luxury utilities, midsize cars and midsize vans are all expected to decline by 0.4 percent,  followed by the large pickup segment with a 0.3-percent, or $50, decline.

Per usual for this year, trucks are on the lower end of the declines.

In fact, according to NADA Used Car Guide’s October “Guidelines” report, large pickup prices continue to rise  more with each passing month, as year-to-date growth hit 8.7 percent in September, an increase of 0.2 points over August’s figure of 8.5 percent.

The full-size truck segment has seen high demand on both the new and used side this year.

What is pushing consumer interest? Kelley Blue Book’s Alec Gutierrez boiled it down to a few solid factors, as follows:

1.    As the average age of trucks on the road today rounds out to 11 years, small business owners are beginning to replace their current pickup trucks.

2.    With the rebound in new home construction, which has been up at a pace of 25-to-30-percent year-over-year, has been a strong driver, as well.

3.    The energy boom in the Dakotas and other parts of the Midwest have brought more individuals into the pickup market.

4.    Consumer interest in Texas and the Midwest is spiking for full outfitted high-end pickup trucks, such as the GMC Denali.

“Overall the demand is there, and fuel prices coming down have helped keep demand steady in this segment,” Gutierrez added.

Energy Information Adminsitration data has not been updated since the partial government shutdown, but as of Oct. 7, the average price of regular grade gasoline was at $3.37.

Four- and two-week AuctionNet wholesale average prices are created by collecting all AuctionNet records for vehicles  up to five years of age for a specified period of time.  Prices are then adjusted for changes in mileage and mix.

Current week prices are based on NADA's proprietary used-vehicle value model which includes assumptions for new-vehicle prices, used-vehicle supply, gasoline prices, and other economic factors.

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