Black Book spent a good portion of its newest edition of Market Insights discussing three vehicle segments. Analysts on Tuesday detailed what’s going on in the wholesale market with full-size and small pickups as well as midsize cars.

“Ahead of the Labor Day holiday, the market remained strong, with overall values showing only a slight decline of 0.10%,” Black Book said in the report. “Pickups, both full-size and small, continued their upward trend for the second consecutive week, while midsize cars also joined the limited number of segments posting week-over-week gains.

“The first half of August was marked by broad declines across both car and truck segments,” analysts continued. “However, market dynamics shifted in the latter half of the month, with depreciation moderating significantly. Midsize cars recorded positive movement during the final week of August, reflecting a notable stabilization trend.

“On the truck side, both full-size and small pickups posted gains in the closing weeks, contributing to improved segment performance,” Black Book went on to say. “Overall, the truck category registered only a modest 0.07% decline in the last week of August, underscoring resilience compared to earlier in the month.”

Perhaps why a modest gain of 0.01% by midsize cars caught analysts’ attention last week is that the uptick came after 14 consecutive weeks of declines that averaged 0.51% per week.

Another notable value movement involved full-size vans. Black Book said prices for those vehicles softened by 0.77%, extending a streak of 16 straight weeks of declines that have been averaging 0.45%.

August wrapped up with two other overall trends mentioned by Black Book.

Last week’s auction conversion rate came in at 63%, according to Black Book tracking, which pushed the average auction conversion rate for August to 62.5%. Analysts acknowledged that’s “still at an elevated level.”

Black Book also pointed out that the estimated used retail days to turn is now at roughly 38 days. It’s been at or well below the 42-day mark since the beginning of April.

With Labor Day passing and September getting into full swing, Black Book reiterated, “as always, our team of analysts are focused on the keeping their eyes on the market for developing trends and gathering insight.”