GAINESVILLE, Ga. -

Gas prices are on the way down again, and so are auction prices.

Black Book’s Ricky Beggs pointed this trend out during his latest “Beggs on the Used Car Market” video report, which explained that the market is seeing traditional seasonal movement with price declines picking up during the first three weeks of July.

And after staying relatively high toward the beginning of the summer, gas prices are on the way down, as well, with average gas prices coming in at $3.64 per gallon, which comes in as half a cent less than the year-ago period after last week’s 4.3 cent drop.

Auction prices are showing similar trends as the overall average segment price change last week ccame in at a drop of $103. This marks the largest declining amount since the $108 drop seen during the week ending Jan. 24, according to Black Book data.

Car price declines are picking up as the summer progresses. Beggs, editorial director and senior vice president at Black Book, reported the average decline for the car segments came in at $68 last week, as compared to the previous two weeks, which saw drops of $56 and $45, respectively.

Beggs pointed out this is the highest decline for the car segments since the week ending Jan. 24, when prices dropped by $72.

“After such a strong spring market, the remainder of the year may possibly see slightly larger declines as compared with typical seasonal patterns,” Beggs said.

The compact cars saw the smallest price drop (down $33), perhaps a result of gas prices remaining above $3.60 per gallon.

“This has also been the most consistent moving segment during July with  (decreases of) $31 and $20 (respectively) the prior two weeks,” Beggs said.

Truck segment retention is dipping, as well, but at a slightly slower rate.

The trucks saw an average price decline of $54 last week, up from drops of $39 and $20 for the prior to weeks, respectively.

The last time the truck segments saw that large of a drop was the week ending Feb. 21, when prices fell by $67.

Since then, price retention for the truck segments has been consistently strong.

The full-size pickups continue to see some of the strongest pricing, falling by an average of only $20 this past week, after rising by $6 the previous week.

See above for the latest “Beggs on the Used Car Market” report.