LAWRENCEVILLE, Ga. -

The spring selling season has come to an end. That’s the conclusion analysts found based on the latest wholesale evidence discussed in this week’s Black Book Market Insights report.

Black Book indicated the majority of truck segments were holding steady while cars were seeing larger price drops compared with the past 12 weeks.

What’s more, the report noted that dealers from around the country are also reporting prices dropping at auction, as well as a slowdown on new-vehicle sales at various locations.

Before going into more anecdotes from dealers that Black Book personnel collected, here are more specific data points from the latest report.

Volume-weighted, Black Book noted that overall car values decreased by 0.37 percent last week. The movement was worse than the average depreciation rate of 0.23 percent seen in the previous eight weeks.

Analysts pointed out that sub-compact cars and compact cars experienced the most drop in value of 0.73 percent and 0.72 percent, respectively — much higher than the average weekly decline of about 0.25 percent seen in the previous 12 weeks.

Volume-weighted, Black Book noticed that overall truck values changed very little last week. The average depreciation rate in truck segments was 0.22 percent in the previous 12 weeks.

The compact van segment posted the largest decrease last week at 1.27 percent.

“Sub-compact and compact car values continued their decline last week — more steeply than the trends observed in the last 12 weeks — while SUV segments held their values,” said Anil Goyal, senior vice president of automotive valuation and analytics at Black Book.

Now turning back to what Black Book is hearing from dealers, what an operator said in the lanes in Washington reinforced what the report noted about the spring market coming to a close.

“The market was a little softer this week than last and dealers report that new car sales have slowed down,” the dealer said.

The scene wasn’t so upbeat according to a dealer in Tennessee, who indicated, “Slow day today with several no-sales and not a great selection of clean cars available.”

Out West, the talk was about lower prices as an operator in Nevada noted, “Sellers are adjusting prices down this week to move the inventory.”

In Pennsylvania, one operator observed how some units are rolling over the block, saying, “Dealers indicating that much of their buying is driven by in-pocket orders, some of which include upfront cash.”

Finally, the bright spot from the lanes last week came from Texas, where a dealer mentioned, “Good sale today with prices holding high.”