November might have been the last month for a while that truck segments lead their smaller counterparts in terms of retained value.  

Midsize pickup trucks may have had the best used-vehicle price strength last month, but continuing a trend discovered in recent weeks, truck segments are now showing greater depreciation than cars.

The latest Black Book Market Insights report showed car prices at auction dropped by an average of $55 or 0.52 percent, while truck prices fell by an average of $97 or 0.64 percent last week.

The car depreciation rate last week was lower than the average rate of 0.69 percent seen in the previous eight weeks, while the truck’s decline is higher than the 0.56 percent rate seen during the four prior weeks.

But depreciation will have to speed up much more than that to put a damper on the price strength truck segments have enjoyed over the majority of 2015.

“Trucks and cars reversed trends with trucks depreciating more than cars last week. However, this increase is not enough to put a dent in the strong valuation for trucks, as seen in year-to-date trends,” said Anil Goyal, Black Book vice president of automotive valuation and analytics.

Truck segments that saw the highest rate of price decline last week included the passenger minivans (down by 1.41 percent or $157), compact SUVs (down 1.39 percent or $260) and compact CUVs (down by 1.17 percent or $133).

The full-size SUVs and full-size passenger vans performed the best last week among the trucks, with slight 0.1 percent and 0.06 percent drops, respectively.

 On the car side of the market, once again the entry level cars led the pack in depreciation with rates falling by 0.76 percent or $45. The prestige luxury car segment (down by 0.73 percent or $216) and entry midsize car category (0.71 percent or $57) also saw hefty declines. The upper mid-size car segment saw the lowest depreciation last week for cars, with prices dropping by 0.35 percent or $34.

 On top of outlining last week’s wholesale price movement, this week’s Black Book report also included dealer sentiment from around the country that shows inconsistencies in terms of buyer demand on older- versus later-model units.

For example, an auction attendee in Tennessee was overheard noting, “Poor selection here today with a lot of low prices as dealers were dumping old stock,” while another buyer from Pennsylvania said, “Not much variety in the lanes today, many no-sales.”

But comments from the lanes also show that dealers may be prepping for tax time. Black Book editors heard one auction attendee say last week, “Older clean cars were in demand here today, must be prepping for tax time.”