The percentage of price increases for vehicle segments flowing through the lanes this past week continued to grow, hitting the highest level seen over the past 12 months. This prompted some dealers to predict we might see another month of positive values before settling into a more stable auction market.

According to Black Book’s Ricky Beggs, the percentage of price adjustments for auction prices last week grew to almost 68 percent, which marks the highest level of any week over the past year.

He said in latest “Beggs on the Used Car Market” video report that the number of price changes grew at a quick pace, averaging 1,783 per day, which marks the second highest rate this month.  

The truck market continued to impress, finishing off the week with an average increase of $15 across the segments, which marks the highest increase over the past 12 months.

With 10 of the 14 truck segments increasing for the week, the strongest individual segment increase was the $51 spike seen among the compact crossovers, which are now on a three-week run of increasing values, Beggs reported.

Cars also put up a strong showing, with an average segment decline of $9. This is the lowest level of week-over-week change since April 5, 2013, when there was less than a dollar decline.

Six of the 10 car segments saw increasing values, as well.

Last week, Beggs pointed out another indicator of continuing strength in the lanes: out of the 24 total segments Black Book tracks, only five saw lower prices than the week prior.

"The positive run in the strengthening market really covers the past month,” said Beggs. “During that time, 14 segments actually increased in value, led by the entry level cars at 2.6 percent, while only one segment declined an above average amount, the prestige luxury cars at -2.1 percent.”