Wholesale values held steady last week, as the truck segments continued to outperform average retention values, and cars experienced the same average change as the previous week.

Last week, truck segments saw an average drop of $59, which marked a slight increase from the prior week’s rate (-$50), Black Book editorial director and senior vice president Ricky Beggs reported in his latest “Beggs on the Used Car Market” video report.

Though the rate of depreciation rose a bit for this segment last week, both of the previous two weeks are still less than the year ago level, when rates dropped by $70.

And on top of overall strong price retention for the trucks, all three pickup truck segments experienced the lowest overall change during this past week at -$21 for the full-size, -$16 for the midsize and -$28 for the compact pickups.  

“Most consistent changing truck segment over the past two weeks during November was the compact crossovers at -$57 and -$54, respectively,” Beggs also noted.

Moving over to highlight the car segments, they experienced the same drop as the previous week, falling by an average of $69 or 0.44 percent.

Though overall results held steady, four of the car segments did have greater declining amounts week-over-week.

These declines were led by the full-size cars, which fell by $64, compared to a $17 drop the week before, Beggs reported.

On the other hand, even as weather cools, the premium sporty cars seem to be retaining their value well, as the segment experienced an average drop of $88 last week, down from the prior week’s drop of $131.

And even with gas prices continuing to fall, Beggs said, the two segments with the smallest declines last week are from more fuel efficient models and segments: the entry midsize cars at -$18 and the compact cars at -$21.

Commenting on the changes seen last week, Beggs said, “The market is moving but not at surprisingly strong levels for the time of the year. The necessary adjustments are a reflection of supply and demand and the lower level of interest to fill the empty holes in inventory from the tens of thousands of used car operations across the country.”

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