LAWRENCEVILLE, Ga. –

Depreciation slowed a bit last week for both cars and trucks.

According to Black Book’s weekly Market Insights report, overall car values (volume weighted) decreased by 0.53 percent, which was lower than the average rate of 0.75 percent seen in the previous four weeks.

Overall trucks values, also volume weighted, decreased by 0.58 percent last week, which was slightly lower than the average depreciation rate of 0.61 percent seen in the previous four weeks.

“Depreciation slowed a little last week after four weeks of steeper declines,” said Black Book’s Anil Goyal. “However, auction reports continue to show spotty demand and higher no-sales.”

A Black Book lane watcher in New Jersey reported that “the market is still good but there were lots of no-sales today.”

And one in Tennessee bemoaned an “above-normal amount of no-sales on several lanes today. Dealers reporting retail sales are still slow on their lots.”

In Pennsylvania, trucks were in highest demand, “especially the ones that were already ‘retail ready.’”

 A Black Book rep in Texas reported that the auction was well-attended and prices were stable.

And in Florida, “clean condition cars are getting harder to find,” a rep lamented.

Segment-specific depreciation

Among car segments, prestige luxury cars, subcompact cars and full-size car values declined the most, by 1.03 percent, 0.76 percent and 0.75 percent, respectively. Midsize cars showed the best retention, with values dropping by 0.17 percent.

As for trucks, subcompact crossover/SUVs and subcompact luxury crossovers declined the most, dropping by 1.96 percent and 1.66 percent, respectively. Midsize crossover/SUVs showed the best retention, with values dropping by 0.14 percent.

Overall, depreciation in car segments increased last month, led by compact cars at 3.6 percent.