GAINESVILLE, Ga. -

It was an abbreviated week in the lanes with the Fourth of July holiday, but prices continued to fall as the market entered the dead of summer.

And following a trend seen this past spring, the car segments continue to see larger declines than the more stable trucks.

According to the latest “Beggs on the Used Car Market” report, auction prices for the car segments dropped an average of $45 last week.

Ricky Beggs, editorial director and senior vice president of Black Book, said this drop is “right around the change levels of the previous nine weeks.”

Beggs pointed out one car segment, in particular, that did stand out.

The entry level cars, which saw no price change two weeks ago, saw the largest decline this past week, percentage-wise, among all the car segments.

Specifically, it had an average drop of 0.52 percent (or $37), he said.

As for the truck segments, Beggs said they  “were again slightly more stable than the cars.”

Last week, trucks saw an average drop of $20, which is the lowest weekly change for these large units in the past three weeks.

During his latest report, Beggs also took a moment to honor Ed Bobit, founder of Bobit business media, who recently passed away.

Beggs called Bobit a “true pioneer of the fleet industry.”

“There is no one who was more supportive of the industry and the people of the industry than the Coach. All who had the opportunity to know him will feel the impact of this loss, but also have great memories of his friendship and leadership,” said Beggs. “Keep the stogie lit. Our condolences from Black Book to his family at home, and his family at Bobit Business Media.”

For more on the late head of Bobit Business Media, see the Auto Remarketing story below:

Bobit Business Media Founder Passes Away at 86

To view the latest "Beggs on the Used Car Market," report, see the video above.