It appears wholesale prices are continuing to slide as June gets underway.

When NADA Used Car Guide provided AuctionNet wholesale average price data to Auto Remarketing late last week, all the segments it tracks were expected to experience slight declines by this past Friday.

And as gas prices continue to even out, the compact car segment was expected to see the biggest drop during the first week of June, falling by 1.8 percent of $200.

“Expect prices for this fuel volatile segment to continue to decline as the average price of regular grade gasoline falls,” NADA UCG officials asserted.

Per Energy Information Administration data released last week, the average price of regular grade gasoline (all formulations) fell from $3.67 to $3.61.

This is the ninth week in a row that the average price of regular grade gasoline has fallen.

But on the heels of the compact car segment were midsize cars, according to the NADA Used Car Guide’s predictions.

This segment was expected to see declines around 1.1 percent or $150. 

Next up, luxury cars were expected to drop a slight 0.6 percent or $150.  But this trend may not last. As summer gets underway, used-car shoppers seem to be shifting their interest from compacts and gas sippers to luxury vehicles and sports cars, according to Kbb.com.

After high fuel prices this spring left consumers searching for ways to save pennies at the pump, Kbb.com’s new M.I. Quick stats, which provide a snapshot of new- and used-car shopper perceptions and behaviors on the site, found that used-car shoppers are showing an interest in high-end vehicles, which the company noted is typical for this time of year. To read more about this trend, see the Auto Remarketing story here.

Moving along to highlight the larger segments NADA UCG tracks, the data showed that on the light-duty truck side, compact utility prices were expected to fall 1.5 percent or $225, followed closely by the large SUV ($200), large pickup ($100) and midsize utility ($100) segments, officials reported.

Furthermore, both the midsize van and luxury utility segments were expected to drop by less than 0.2–0.3 percent or $50, respectively. 

Lastly, NADA UCG  noted that the two-week average rate of change for all segments also  declined slightly.  Compact cars, compact utilities and mid-size cars led all declines, dropping by 2.8 percent apiece.

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.