GAINESVILLE, Ga. -

Though during the first week of the month, the tides turned as trucks experienced larger auction price declines than cars, business was back to a “summer normal” last week.

According to the latest Black Book Market Insights report, trucks remained ahead of the game in the lanes last week as most car values declined.

“After an aberration last week (first week in July), car values continued their decline at a higher pace as compared to trucks. Entry-level cars dropped the most, while compact SUVs retained their value,” said Anil Goyal, vice president of automotive valuation and analytics.

Last week, prices for cars dropped by 0.58 percent or $69, which was higher than the average drop in the last 8 weeks.

Trucks, on the other hand, only saw a drop of 0.19 percent or $38, which was similar to the price movement seen over the past two months.

Some of the most significant price movement seen among the car segments was seen by the entry-level cars (-1.03 percent or -$70), compact cars (-0.75 percent or -$63), full-size cars (-0.76 percent or -$76) and near-luxury cars (-0.72 percent or -$122), which all saw prices drop by over 0.70 percent last week.

The strongest price retention for cars last week was seen among the luxury level cars, which saw prices drop by 0.27 percent or $56.

Increasing supply is allowing dealers and buyers to be choosier about which vehicles they put on their lots; another factor putting downward pressure on car prices.

For example, Black Book editors overheard a buyer from North Carolina say, “Things have slowed down, and buyers are getting pickier,” another sign of an average summer market.

Among the truck segments, Black Book editors pointed out one trend, in particular, that has been on their radar.

Over the past year, full-size vans have experienced better-than-average retention due to short supply. Now, as the number of full-size vans in the market continues to increase, the trend is putting downward pressure on prices.

Last week, both the full-size cargo vans and passenger vans experienced a price drop of 0.73 percent, which translates to declines of $105 and $106, respectively.

“We expect to see increased drops in this segment as supply improves later in the year,” Black Book editors reported.

The only truck segment to see prices rise last week were the full-size pickups, which bumped up by 0.06 percent or $11.