LAWRENCEVILLE, Ga. -

What Black Book representatives heard dealers say in the lanes going into the Fourth of July holiday reinforced the latest data editors uncovered.

The midsummer holiday version of the Black Book Market Insights report showed how smaller and midsize car segments are continuing to lead with some of the largest depreciation rates seen in a while. Editors indicated subcompacts, in particular, have demonstrated significant depreciation over the last four weeks, sliding by 2.87 percent.

“Fuel prices moved down slightly, and truck and SUV demand remains high. Nonetheless, weekly depreciation rates are weighed down by ample wholesale volume and seasonality,” said Anil Goyal, Black Book’s senior vice president of automotive valuation and analytics.

Meanwhile in Pennsylvania, Black Book’s lane personnel spoke to dealers and relayed, “My sources tell me that SUVs and trucks are where it’s at. Says no one cares about the price of gas at the moment.”

Volume-weighted, Black Book determined overall truck values decreased 0.37 percent last week — the same movements as the prior week. Editors also pointed out that’s two consecutive weekly high depreciation rates in the last three months.

Black Book added that compact luxury crossover/SUV, compact van and midsize luxury crossover/SUV segments received the high weekly depreciation rates at 0.79 percent, 0.70 percent and 0.67 percent, respectively.

On the car side looking at the volume-weighted information, Black Book noticed overall car values decreased 0.54 percent last week. That’s the highest overall weekly deprecation rate since the first week of 2016.

Editors mentioned the compact and midsize car segments received the highest weekly depreciation rates at 0.83 percent and 0.81 percent, respectively.

As previously noted, Black Book determined that in the last month the sub-compact segment led depreciation rates at an accumulative adjustment of 2.87 percent, followed closely by compact cars at 2.83 percent and midsize cars at 2.39 percent.

Along with lane chatter in Pennsylvania, dealers in Michigan were also looking for vehicles that drink more fuel as the Black Book field personnel reported, “There is a lot of interest for trucks and SUVs below the $10,000 range at this location.”

Not far away in Minnesota, Black Book noticed, “Strong internet activity today, especially on low-mileage, clean-condition units.”

Moving South, representatives in Texas recapped that, “This is a strong import market here with very few no-sales today.”

And out West, Black Book found in Nevada that “the buyers were a bit more aggressive this week compared to last,” while in Arizona, it was a “good sale today with prices overall dropping just slightly.”

Specialty markets update

As they do on a monthly basis, Black Book editors shared their latest assessments of the specialty markets in conjunction with the Fourth of July.

—Collectibles: The collectible vehicle market continues to be “very healthy,” according to Black Book, “with several recent auctions enjoying record attendance and strong results.

—Powersports: Editors indicated prices are up again this month, most likely reaching their peak levels for the year for the street bike segments. “Similar to trends we have seen over the past year and a half, they are up by smaller amounts than their historical averages.”

—Recreational vehicles: Black Book determined the wholesale market was mixed last month, with motorized units adding to their impressive run and approaching an all-time high, while towables took a break and declined a bit, although they are still as high as they have been in the past several years.

—Heavy-duty trucks: At auction, editors mentioned late model, heavy duty, over the road and regional tractors made a better showing in June to an almost mirror image of April. “With several buyer levels bidding, this rally, so to speak, was probably a factor of replacing old equipment to help weather the heat of summer plus some really nice late models showing up at auction,” they said.

—Medium-duty trucks: This past month, Black Book said it saw a smaller rate of decline in the medium duty truck wholesale market. This past month, the 4- to 11-year-old models came down on average $203 or 1.1 percent.