The first week of February came with more positive price adjustments at auction after prices fell a bit more than usual during the last week of January.

Overall, car prices at auction dropped a mere $32 (or .22 percent) this past week, which represents the strongest price retention seen in over a month.

That’s according to the latest “Beggs on the Used Car Market” video report, which this week featured Tim West, vice president and North American auction director at Black Book, filling in for editorial director Ricky Beggs.

The largest decline seen among car segments was in the premium sporty cars and luxury level cars, which both saw a drop of $73.

On the other hand, the entry levels cars saw the smallest level of change declining by only .01 percent.

Analyzing this past week’s price movement, West said, “This minor level of change appears to be reflecting the stabilization in fuel prices with gasoline prices rising 2 cents to an average price of $2.07 per gallon. However, diesel is still falling with a 3-cent decrease to $2.83.”

Perhaps falling diesel prices are turning consumers back to the truck market, as prices for these segments continue to be stronger than their smaller counterparts.

This week, truck values fell by a mere $25 (or .18 percent), which was the lowest drop seen over the past eight weeks.

The full-size pickups saw the strongest price retention last week, with rates rising by an average of $14.

West explained this segment, as well as the compact pickups and SUVs have been leading the market in terms of residuals.

“Looking closer into the truck segments, compact and full-sized pickups along with compact SUVs have held their values better than the other truck segments for five consecutive weeks,” West said. “This trend has continued into February; the compact SUV segment increased another $9, or .06 percent. Some of the strength and improvements in the wholesale market can be attributed to the continuation of low supply, increased demand and low fuel prices.”

On the other side of the spectrum, the largest drop in price among trucks last week was seen in the luxury SUV segment with a drop of $124.

“Overall we see the market movement for the first week of February returning to a more positive position unlike the ‘last week of the month’ market we discussed last week,” West concluded.

To view the full report, see the video above.