Though overall auction values remain relatively flat, showing small decreases here and there, increasing inventory and new models hitting the market are making waves, says Black Book’s Ricky Beggs.

In fact, two segments last week saw price shifts for 50 percent or more of the vehicles within their categories.

The midsize pickup segment saw 64 percent of its models change in price, with 59 percent of those being downward changes. The entry-level cars were also active in necessary adjustments at 54 percent, reported Beggs in his latest “Beggs on the Used Car Market."

Why so many changes?

Beggs touched on a few factors that may be contributing to the large amount of price adjustments seen in the aforementioned segments.

“With the level of increasing wholesale inventory from the new car sales level and trades, and the many new models and major refreshed models coming into the market, especially the later model vehicles, must adjust allowing for another model year of vehicles to enter the used market,” Beggs shared.

On the more stable side in changes with less vehicles adjusted, the full-size pickups stood out with only 20 percent being altered.

Taking a look at the dollar changes, Beggs shared that both cars and trucks declined by smaller amounts than the previous week.

Overall, the car segments saw an average drop of $37 last week, and trucks saw an average decline of $40.

Specifically, Beggs reported that for the second week in a row, that the compact SUVs was the only segment to increase at a substantial rate, rising by an average of $61, or 0.51 percent.

On the other hand, full-size vans (both cargo and passenger versions) and the full-size crossovers all saw large declines, dropping by $80 or more for the week.

To view the latest "Beggs on the Used Car Market" video report, see below:

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