Last week’s trends connected with wholesale prices and conversion rates reflected how auctions, consignors, and dealers probably spent at least part of the timeframe celebrating Thanksgiving.

That’s the summation from Black Book’s latest installment of Market Insights, that covered the week including time for good food enjoyed with family and friends. Analysts reported on Tuesday that wholesale values decreased by just 0.56%, which was more than 30 basis points less than a week earlier.

“November concluded with a short week due to the Thanksgiving holiday. Despite many auctions being closed, the market still achieved a 55% overall conversion rate,” Black Book said in the report.

“With the Thanksgiving holiday reducing lane activity last week, auction volumes and bidding momentum slowed, which in turn eased the pace of depreciation,” analysts added. “Conversion rates remained solid in the mid-50% range but slipped from the prior week’s 56%, and the overall market posted its smallest single week decline since early October.”

And perhaps reflecting the excitement of shopping during the Thanksgiving timeframe, Black Book noticed that its estimated reading for used retail days to turn edged lower. The estimate is now at roughly 35 days.

Like your favorite parts of the Thanksgiving meal, price movements of a couple of specific vehicle segments caught Black Book’s attention, including:

—After 29 consecutive weeks of declines averaging 0.82% per week, the sub-compact car segment finally showed signs of stabilizing, posting a price gain of 0.54%.

—Depreciation in the zero- to 2-year-old compact crossover segment slowed sharply, easing to 0.36% last week after spending most of November posting weekly declines of more than 1%.

“The compact van segment is small with limited volume, yet it has consistently been the outlier this quarter, recording the smallest weekly declines throughout the volatility of the fourth quarter,” Black Book added.

Overall, prices in all 13 truck segments and seven of nine car segments declined amid Thanksgiving, according to Black Book tracking.

Now with December here and the industry steaming toward the end of the year, Black Book reiterated, “as always, our team of analysts are focused on keeping their eyes on the market for developing trends and gathering insights.”