LAWRENCEVILLE, Ga. -

While so much of what is impacting our daily lives nowadays can change quite quickly, Black Book is seeing the wholesale value and volume world settle into traditional seasonal patterns — at least for now.

Before elaborating about specific vehicle-value movements, here’s how analysts summed up the scene in their latest COVID-19 Market Insights distributed on Tuesday.

“Sales rates ticked up slightly last week, even though many lanes saw sellers holding firm to floors,” Black Book said in the report.

“Overall remarketer sentiment is that their expected volumes will be remaining low, so they aren’t feeling the need to lower floors right now,” analysts added.

Looking deeper at value trends beginning in the car space, Black Book’s volume-weighted data showed overall car segment values softened 0.82% compared to the previous week, slightly less than the depreciation of 0.84% experienced the week prior.

“The adjustments this past week were very similar to recent weeks,” analysts said.

Leading the declines among cars again were compacts, sliding by another 1.43% last week.

In a change of pace from recent weeks, Black Book pointed out that subcompact cars slowed their rate of decreases to 0.42%; a reading less than half what analysts determined a week earlier when those units dropped by 1.07%.

Also of note, Black Book said, “Luxury segments have seen sellers holding firm to floors and experiencing high no sale rates. This has kept the weekly depreciation rates in these segments lower than is typical for the time of year.”

Moving on to trucks, Black Book’s volume-weighted information indicated values in the overall truck segment — including pickups, SUVs and vans — declined 0.35% last week. That’s not quite as much as the decrease in depreciation registered a week earlier when analysts pinpointed it at 0.52%.  

The decrease for minivans at 0.77% more than doubled the overall segment reading. Black Book explained why.

“Minivans are a niche market that has seen demand faltering in recent years. The segment has been seeing consistently large declines week-over-week,” analysts said.

Black Book noticed that the small-pickup segment more than doubled the overall truck decline, too. Again, Black Book was there to explain what happened.

“For years, this was a segment with few players,” analysts said. “But as GM and Ford returned to this market, the supply has increased and consumers are still demanding their larger siblings in the full-size truck segment, especially with fuel prices remaining low.”