Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations.

Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.”

Analysts added in their newest installment of Market Insights that the steady conversion rate also is “signaling cautious yet consistent buyer engagement despite rising availability.”

And when it comes to the buyer base, dealers appear to be having some consistency on the retail front. Black Book estimated its reading of used retail days to turn is still at roughly 37 days.

Maybe now it’s a good point to enjoy some good food and fellowship with family and friends and be thankful for the positive parts of the wholesale and retail spaces.

“Mainstream crossovers and minivans remained comparatively stable, supported by steady retail demand for practical budget-friendly family vehicles,” Black Book said in the report. “Depreciation remains widespread as the market moves deeper into the late-Q4 seasonal softening phase.

“An ongoing influx of 2025 model-year units is adding pressure across the lanes, pushing down values on prior year models as year-over-year spreads stay unusually tight. This new-model supply is accelerating value compression, especially in segments where late–model volume now exceeds immediate demand,” analysts continued.

A few trends to mention in connection with specific vehicle segments:

—Prices for subcompact cars dropped only 0.60% last week after consecutive weeks of decreases of more than 2%, prompting analysts to say the latest decline “aligned with typical seasonal expectations for this time of year.”

—Depreciation for compact vans has been one of the most consistent of any segment this year, as Black Book pegged the softening for those units at an average of 0.34% over the past 30 weeks.

—Price declines for the oldest units working through the auctions are steady, too, with prices for cars between 8 and 16 years old dipping 0.57% and values of trucks in that age rang sliding by 0.70%

By the time Black Book produces its next edition of Market Insights, it already will be December, prompting the company to say, “as always, our team of analysts are focused on keeping their eyes on the market for developing trends and gathering insights.”