Lane watch: 22 vehicle segments all post value increases

March Madness isn’t just happening on the college basketball court.
The newest Market Insights from Black Book released on Tuesday showed that each of the 22 vehicle segments analysts track for the weekly update moved higher a week ago. The across-the-board rise pushed car prices higher by 1.11% and truck prices up by 0.58%.
In the car world, sporty cars lived up to their name by pacing the price increases for the third consecutive week, rising by 1.78% or $305.
Meanwhile, the latest report indicated each of the four mainstream car segments all generated value gains this past week of at least 1.00%.
Analysts added that even the luxury segments are gaining price steam with near luxury vehicles climbing 0.78% and prestige luxury models gaining 0.60%.
Over in the truck space, Black Book noticed the sub-compact crossover segment continues to pull the entire space higher, leading the way with a gain of 1.23%.
Small pickups (up 1.06%) and full-size SUVs and crossovers (up 1.01%) also each posted value gains of more than 1.00%, according to the report.
“The luxury SUV segments are seeing increases, but the weekly gains are staying much smaller than the mainstream segments,” analysts said. “All luxury crossover/SUV segment increases were well below 0.50%, a sharp contrast to the larger increases experienced by the mainstream segments.”
Two truck segments Black Book has often discussed didn’t generate price rises as robust as they have in the past as values for full-size pickups moved up by 0.50% and values for full-size vans rose by 0.32%.