Overall car values continue to face notably higher depreciation than trucks, according to this week’s Black Book Market Insights report.

Volume weighted, overall car segment values for model years 2008-2014 decreased by 0.77 percent last week, which was significantly higher than the average depreciation rate of 0.48 percent seen in the previous four weeks.

Luxury cars showed the steepest decline at 1.32 percent.

Midsize cars (1.09 percent) and near-luxury cars (0.93 percent) showed the next-highest declines among cars.

Volume-weighted, overall truck segment values decreased by 0.48 percent last week, which was higher than the average depreciation rate of 0.33 percent seen in the previous four weeks.

Compact luxury crossover/SUV, midsize luxury crossover/SUV and full-size luxury crossover/SUV segments declined the most by 1.20 percent, 1.14 percent and 1.01 percent, respectively.

“Wholesale values of car segments declined faster last week, led by luxury cars. Luxury crossover/SUV segments also experienced larger declines,” Anil Goyal, senior vice president of automotive valuation and analytics, said in the report.

The report also takes a look at three-month depreciation trends, which show much variability. At one end of the spectrum were full-size pickups, which were down 1.3 percent, while subcompact car values fell by a high of 7.4 percent from May to August.

Compact vans and luxury cars tended toward the high end of the three-month depreciation scale at 6.6 percent and 6.1 percent, respectively, while small pickups and full-size vans saw milder losses at 1.4 percent and 2.1 percent, respectively.

View from the lanes

Black book representatives shared their insights from auction lanes throughout the U.S. during the past week.

A lane watcher in Tennessee noted an “above average number of low prices here today, (with) dealers saying they are dumping old stock before new-car incentives hit the market.”

Likewise, a watcher in Illinois noted that prices were “down slightly” in that location.

A Black Book representative in Nevada said: “There seemed to be an increased demand for midsize and full-size SUVs here this week,” while one in Michigan noted that “pickup truck prices are back after a couple of soft weeks.”

 A lane watcher in Texas observed that “the auction was well-attended today with prices holding steady,” while another in Florida saw “some no-sales today; most were 2015 and 2016 models.”

Finally, in Pennsylvania: “Attendance was down somewhat this week, which created a relatively slow day. Most dealers blame it on the ongoing hot weather.”