Black Book’s Ricky Beggs is asking a question that many dealers may be pondering, as well: “What happened to the trucks?”

After holding strong price retention for most of this year, last week truck segments were showing a “significant market correction, with seven segments seeing a large downfall in values,” Beggs, senior vice president and editorial director of Black Book, said in his latest “Beggs on the Used Car Market” video report.

The overall truck segment change last week was a drop of $93, or 0.66 percent, which was significantly more drastic than the $42 increase and $59 decline seen the prior two weeks, respectively.

“I cannot remember a time when the number of truck segments with over $100 downward change was at the past week levels,” said Beggs.

In fact, last week, there were seven truck segments ranging from a drop of $214 for the full-size crossovers to a drop of $108 for the midsize SUVs, “with some pickups and full-size vans and wagons included in the mix,” Beggs reported.

That said, there were a few truck segments that are still holding their values.

For example, the compact SUVs increased week-over-week by $2, and the compact crossovers have been “very steady,” Beggs said, holding stable with $34 and $35 declines the past two weeks, respectively.

On the car side of the market, the average price change was a drop of $62, improved over the level of the previous six weeks, according to Beggs.

Seeing the largest declines this week were the entry midsize cars, which dropped by 0.99 percent, and the near luxury cars, which saw a decline of 0.64 percent.

Those showing improving trends included the entry level cars — which were down 0.47 percent after a 1.52-percent decline the prior week— and the premium sporty cars, whose prices fell 0.19 percent after a 0.52-percent decline the prior week, Beggs reported.

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