In a wholesale vehicle market where prices continue to slow on a week-by-week basis, truck segments had particularly strong depreciation in the last full week of May.

According to the latest Market Insights report from Black Book, truck/SUV values were down 0.32% for the week ending Saturday, which is not only more than double the prior week’s drop (0.12%), it marked the steepest single-week decline since January.

Overall, wholesale values were down 0.25%, according to Black Book, following a 0.13% decline the week ending May 20.

Depreciation in car segments slowed from 0.16% to 0.11% last week.

Three car segments had price increases, with six showing declines, Black Book said. Meantime, prices fell in 10 of the 13 truck segments.

That includes the full-size vans (down 1%), which had its largest weekly drop since 2019, Black Book said.

Elsewhere in the analysis, the company said there have now been two straight weeks of stable auction conversion rates. The estimated average weekly sales rate was 48%, same as the prior week.