Auction values are on the way down — dropping an average of 1.7 percent, or nearly $285, since late September, according to Kelley Blue Book. And it seems some of the truck segments have now boarded the seasonality train as the midsize and large utility segments saw larger-than-normal declines in prices last week.

These segments have experienced strong retention rates this year, but Black Book’s Ricky Beggs reported there was a “consistency in price declines within the midsize and large utilities segments” last week.

Three of these segments had greater than $100 declines, the Black Book editorial director and senior vice president reported in his latest “Beggs on the Used Car Market” video report.

The midsize SUVs (down 0.87 percent) dropped by $118 last week, followed by the full-size crossovers (down 0.52 percent), which saw  a drop of $110.

Next up was the luxury SUVs (down 0.37 percent), dropping by $109 last week.

The midsize crossovers and the full-size SUVs followed with -$90 and -$79 changes, respectively, which are still much larger than the overall truck segment average change, Beggs said.

On the other hand, when looking at the level of price changes last week, Beggs said there were two segments with “fairly significant improving levels of change.”

The full-size cars saw a slight decline of only $17 this past week, compared to $93 decline the week before.

The luxury level cars experienced a drop of $56 last week, versus a $126 dip the prior week.

Overall value declines are ramping up as we approach winter, according to KBB’s October Blue Book Market Report. However, auction values are still performing well on a year-over-year basis, with the average current auction value still $220 more than they were at this time last year.

That said, KBB is still predicting that dealers will most likely enjoy auction price declines through the rest of this year as used supply continues to expand.

“As we enter the fourth quarter, we can expect auction values to decline at a slightly faster pace than we’ve seen in the second and third quarter, due primarily to the influx of off-lease vehicles in the auction lanes,” said Alec Gutierrez, senior analyst for Kelley Blue Book.

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

Sarah Rubenoff can be reached at srubenoff@autoremarketing.com. Continue the conversation with Auto Remarketing Canada on LinkedIn and Twitter.