During the week that concluded on Valentine’s Day, the auction scene was one that consignors and remarketers probably love to see.

Black Book reported that wholesale prices edged up slightly and perhaps more importantly, last week’s auction conversion rate rose 2% from previous week to 63%, “reflecting steady buyer engagement and disciplined bidding across lanes.”

Analysts elaborated on their observations in the latest edition of Market Insights, which also mentioned the estimated used retail days to turn continues to gradually drift up and is now at roughly 40.5 days.

“Overall, demand remained strongest for clean, retail-ready inventory, supporting a stable and competitive wholesale environment,” Black Book said in the report. “Buyer engagement remained consistent across lanes, supporting stable overall sales-through performance.

“Pricing is held within expected guide ranges, with no broad signs of softening. Demand was strongest for clean, well-presented inventory aligned with retail expectations,” analysts continued.

“Selectivity increased at the upper end of condition and pricing tiers, reinforcing disciplined bidding behavior. Core retail segments performed steadily, with balanced outcomes across mainstream category. Overall, market conditions remain stable, competitive, and grounded in realistic valuation benchmarks,” Black Book went on to say.

Looking at a few individual vehicle segments, Black Book noted these movements:

—While values for cars up to 2 years old increased 0.26%, prices for cars between 8 and 16 years old softened by 0.17%.

—Tight supply and growing demand pushed values for full-size cars less than 2 years old up by 1.04% last week.

—Minivans generated their most notable value gains since last May, with prices for models less than 2 years old rising by 0.42%, units between 2 and 8 years old increasing by 0.45% and ones between 8 and 16 years old ticking up by 0.16%.

With the Super Bowl and Valentine’s Day passed and tax refunds ramping up, Black Book reiterated, “As always, our team of analysts are focused on keeping their eyes on the market for developing trends and gathering insights.”