Weekly Market Report: 4/27/2024 - 5/4/2024

It’s a new week. You’re up-to-date on your favorite weekly show. Now it’s time to get back to business.

In this article, you’re going to learn how the automotive industry performed during the week of 4/27/2024 - 5/4/2024.

What Was the Market Like Last Week?

Here are the results of the following vehicle performances:

• Cars
• Trucks / SUVs

Cars 

The graph below represents the performance of cars.

Sub-Compact Cars:

Down $44.00

0.58% decrease.

Compact Cars:

Down $2.00

0.02% increase

Mid-Size Cars:

Down $19.00

0.14% decrease

Full-Size Cars:

Up $13.00

0.07% increase

Near Luxury Cars:

Down $33.00

0.17% decrease

Luxury Cars:

Down $66.00

0.27% decrease

Prestige Luxury Cars:

Down $52.00

0.14% decrease

Sporty Cars:

Up $5.00

0.02% increase

Premium Sporty Cars:

Up $290.00

0.49% increase

Other Notable Information

• 0-2 year old cars: -0.05%
• 8-16 year old cars: +0.06%

Overall, car sales were down $10.00, which is a 0.06% decrease.

Trucks / SUVs

The graph below represents the performance of Trucks/SUVs.

Sub-Compact Crossover:

Down $14.00

0.11% decrease

Compact Crossover / SUV:

Down $11.00

0.07% decrease

Mid-Size Crossover / SUV:

Down $36.00

0.17% decrease

Full-Size Crossover / SUV:

Up $14.00

0.05% increase

Sub-Compact Luxury Crossover:

Down $72.00

0.42% decrease

Compact Luxury Crossover / SUV:

Down $61.00

0.27% decrease

Mid-Size Luxury Crossover / SUV:

Up $15.00

0.06% increase

Full-Size Luxury Crossover / SUV:

Down $8.00

0.02% decrease

Minivan:

Down $73.00

0.40% decrease

Compact Van:

Down $36.00

0.29% decrease

Full-Size Van:

Down $193.00

0.90% decrease

Small Pickup:

Up $39.00

0.17% increase

Full-Size Pickup:

Down $10.00

0.04% decrease

Other Notable Information

• 0-2 year old models: -0.03%
• 8-16 year old models: -0.09%

Overall, truck/SUV sales were down $21.00, which is a 0.10% decrease.

Overall Market 

While there were fluctuations throughout the week, the overall auto market saw a decrease of 0.09% from last week.

How Do I Prepare for Next Week?

The automotive market is always changing. What’s popular this week might not be popular next week. You can check websites like Black Book or call your local auto auction for a weekly market report.

If you need an auto auction to keep you up to date, click the button below to speak with our dealer registration specialist to get you registered with Big Valley Auto Auction.

Not ready to talk? That’s okay! First, learn more about what it’s like to buy and sell at Big Valley Auto Auction by clicking the image below: