LAWRENCEVILLE, Ga. -

While it’s still noteworthy that wholesale prices continue to soften, what might be more interesting to consignors, dealers and other participants in the wholesale market are the specifics Black Book mentioned on Tuesday.

Analysts shared through the newest installment of Market Insights not only how much vehicle prices decreased, but also some details about which vehicles are declining in value most.

First, the overall figures from Black Book for the week that finished on Saturday. Analysts said the overall value decline came in at 0.62%. That figure is more than double the average decrease they saw during the same week in 2017 through 2019, which was 0.25%.

“July sales finished strong, but available new and used inventory remains limited,” Black Books said in the newest report. “This is continuing to prove challenging for dealers to keep up the pace of business.

“With many new-car dealers facing days’ supply at record lows, they are being forced to look for the few used vehicles left in the market that are viable substitutes for their lack of new vehicles,” analysts continued. “The declines in pricing that are being seen in the market are for average vehicles with average to high mileage.”

Based on a volume-weighted basis, Black Book noticed that car values dropped more than the overall movement, as sedans, coupes and convertibles collectively softened by 0.78%. That amount is higher than the previous week’s decrease, which was 0.68%.

Even more noteworthy, analysts spotted the first value dip for sub-compact cars in 25 weeks. The ascension stopped with a decrease of 0.18% registered a week ago.

Black Book went on to mention that midsize and compact cars posted the steepest declines in the segment, dropping by 1.35% and 1.30%, respectively.

Turning to trucks, Black Book volume-weighted data showed overall truck segment values declined 0.54%, showing an in depreciation from previous week’s figure of 0.47%.

Of the 13 truck segments, analysts said full-size vans represented the only one to report a value gain last week, moving up by 0.17%.

Black Book went on to mention the compact crossover segment sustained the largest truck segment decline at 1.01%, while the more spacious midsize (down 0.14%) and full-size crossovers (down 0.005%) had only minimal decreases.