GAINESVILLE, Ga. -

Though the fifth week of October is traditionally one of the weakest for auction prices all year, this past week “didn’t stand out,” according to Ricky Beggs.

The Black Book editorial director reported in his latest “Beggs on the Used Car Market” video report that this past week’s performance was the “one positive” for the month in the lanes.

Last week, wholesale prices for cars dropped an average of $79, which was right in line with the previous two weeks changes, and just a bit higher than the month’s average weekly drop for cars of $74.

“While looking at the total percentage change of various segments during the entire month of October, and thinking about the recent drop in gas prices, this week down another $.06 to $3.06, the largest (price) drop was with one of the more fuel efficient segments,” Beggs said.

The compacts cars saw a 4.2-percent drop in price last week, followed by the full-size cars with a decline of 3.9 percent. The entry-level cars also saw a significant change, dropping 3.5 percent from the prior week.

Price changes for trucks were also surprisingly mild during the last week of October, with an average decline of $52. Beggs pointed out this downturn was much smaller than the average drop seen two weeks ago of $94.

“The full-size vans and wagons got back to a positive week-to-week movement, while the full-size crossovers and the luxury SUVs continue their higher dollar depreciation at -$132 and -$171, respectively,” Beggs said.

He also pointed out this could signal a seasonal trend. Last year, during the same week, truck prices dropped by an average of $50, with the full-size crossovers and luxury SUVs both showing drops of over $100.

See this week’s video report above, which features an interview with John Brasher, of Brasher’s Sacremento Auto Auction.