Black Book said its estimated reading of used retail days to turn is now at roughly 34 days. Turn time has remained at or below 40 days since the middle of February.

Perhaps helping to keep that metric at that level is the “selective” behavior Black Book continues to see at auctions.

According to the newest installment of Market Insights, Black Book reported wholesale values edged up only 0.05%, as auction conversion rates held at 63%, staying unchanged week-over-week.

“Late-model units traded with mixed results, with outcomes driven more by mileage and condition than model year alone,” analysts said in the report. “Some configurations softened even at competitive mileage points, with trim level and retail readiness mattering more than age. Clean-mile SUVs in midsize and compact segments remained the most consistent performers, generally achieving clean-to-above-clean levels.

“Certain higher-mileage vehicles and mainstream segments faced continued pressure, highlighting increased buyer selectivity. Low-mileage and near-new units, especially SUVs and select premium models, continued to outperform,” Black Book continued. “Participation remained strong but disciplined, with limited willingness to stretch on pricing. Pricing trends were mixed (down 0.11% for cars, up 0.10% for trucks), reinforcing a selective wholesale environment.”

A couple of segments in the truck department caught Black Book’s attention.

Analysts found that values of full-size crossovers continued to strengthen despite higher fuel costs, rising for the 10th straight week courtesy of a price increase of 0.20%.

Black Book added that values for small pickups rose again last week, climbing by 0.31%. The movement marked price gains during 12 of the past 13 weeks with an average increase each week of 0.19%.

And for reference, AAA reported on Tuesday that the average prices for a gallon of gas in the U.S. stood at $4.48 after spiking by 27 cents during the close days of April.

AAA pointed out the national average is $1.12 higher than it was this time last year, as oil prices surge above $100 per barrel with no indication of when the Strait of Hormuz will reopen. Gas prices are the highest they’ve been in four years, since late July 2022, according to AAA tracking.

With fuel so expensive, Black Book reiterated, “As always, our team of analysts are focused on keeping their eyes on the market for developing trends and gathering insights.”