Comments thrown back and forth in the lanes last week didn’t illustrate the market the industry is used to seeing in mid-October.

Instead of no sales and tough sales, the Black Book editorial staff were bringing back reports of a “steady, “good” and “solid market.”

Black Book editorial director Ricky Beggs broke down last week’s price movements at the auction in his latest “Beggs on the Used Car Market” report.

Last week, car prices dropped by an average of $64 at auction, which was the smallest drop since the $60 decline seen the week ending August 15.

The car segments seeing the strongest price retention in the lanes were the entry sporty cars, with a drop of $36, and the entry level cars, dropping by $40.

Interestingly, the more fuel efficient segments are performing well in the lanes, even as gas prices continue to drop.

Beggs pointed out that gas prices dropped 5 cents last week to $3.30 per gallon. This is 7 cents lower than levels seen during the same period of 2013.

Though still seeing less depreciation than the car segments, the trucks saw a bit more of a drop past week.

The truck segments fell by an average of $36, after falling by a mere $21 the week before and $14 the week prior.

The full-size pickups and full-size van segments continued to lead the pack with the strongest price retention among the trucks.

On the other hand, the full-size SUVs, full-size crossovers and the luxury level SUVs all saw price drops of over $100.

See this week’s video report above, which features an interview with Lynn Weaver, from Harrisburg Auto Auction and the current co-chair of the Independent Auto Group.