Lane watch: Spring-market feeling in October

Your family might be all about pumpkin spice to give your home that fall feel, but the wholesale landscape currently conveys a springtime vibe.
According to the newest Black Book Market Insights report released on Tuesday, each of the 22 vehicle segments made an upward move in price, pushing the overall value reading up by 0.57%.
Black Book pointed out that the average movement during the same week in 2017 through 2019 was a decline of 0.44%.
So much for those marketing taglines of “prices falling like autumn leaves.”
Black Book analysts said, “Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week. The lack of new inventory is the top comment we are hearing from dealers as the reason for the strength at the auctions.
“Traditionally, this is a time of year when we would expect to see a lull in values and activity at auctions before gaining some traction at the end of the year, in preparation for the next year’s tax season,” analysts said in the newest report.
And what’s happening in the lanes is spilling over into dealer lots. Black Book offered some insights there, too.
“Current used retail listing volume is about 17% below the start of the year. Used inventory is now starting to decrease again due to a slowdown of trade-ins and lease returns,” analysts said.
Whatever models might be in store inventory, it’s likely managers pull more funds out of their floor plan to get them.
Beginning first with cars, Black Book said its volume-weighted data showed overall car values increased another 0.65% during the week that closed on Saturday.
While compact cars (up 1.11%) and midsize cars (up 0.91%) made the largest price gains among cars, analysts pointed out that sporty cars (up 0.24%) and premium sporty cars (up 0.28%) reversed declining values in recent weeks
Among trucks, Black Book determined the volume-weighted data showed an overall value increase of 0.52%.
Several truck segments posted price gains higher than the overall increase, including compact vans (up 1.24%), compact crossovers (up 0.95%) and sub-compact crossovers (up 0.81%).