Auction prices are falling at a consistent pace, as NADA Used Car Guide is predicting prices to drop by an average of $50 for the second consecutive week.  

According to NADA UCG’s AuctionNet data, the expected $50 drop translates to a decline in price of 0.3 percent at auction.

In fact, only two segments are expected to see price hikes at all this week, said David Paris, automotive analyst at NADA UCG.

The luxury car segment is expected to climb by 0.5 percent ($100) in price, while the midsize cars are expected to see prices rise by 0.2 percent ($25).

Interestingly, though the large pickups have experienced strong price retention so far this year, this week they are expected to lead the price declines in the lanes.

NADA UCG expected large pickups will see an average decline of 1.1 percent, or $250.

Compact utilities are expected to follow with a decline of 0.4 percent, and compact cars round out the top three segments with the lowest retention with a 0.4-percent drop.

“Smaller declines are expected in all other segments as prices are expected to slip by 0.1 percent to 0.3 percent,” said Paris.

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.