LAWRENCEVILLE, Ga. -

The last time Black Book saw a weekly wholesale price decline this significant, individuals might have still had their New Year’s resolutions top of mind.

And decreases might intensify as Black Book’s newest Market Insights report showed declines for both cars and trucks at much higher levels than the previous four-week averages.

“Used-vehicle values experienced the steepest decline of any week since January of this year,” said Anil Goyal, Black Book’s executive vice president of operations.

“The sentiment appears to be negative, setting the expectation for the market to drop more,” Goyal added in the latest report.

Volume-weighted, analysts indicated overall car segment values decreased by 0.65% last week. In comparison, car values dropped by 0.52% on average during the previous four-week period.

Among cars, Black Book determined values of sub-compact cars and sporty cars declined the most, sliding by 1.24% and 1.10%, respectively.

Again, based on volume-weighted information, analysts noted overall truck segment values (including pickups, SUVs, and vans) decreased by 0.77% last week. That’s much above the four-week average decline that analysts pegged at 0.48% during the prior four-week stretch.

In truck space, values of midsize crossover/SUVs and minivans softened the most, dropping by 1.28% and 1.20%, respectively.

As Goyal referenced, the anecdotes that Black Book collected from its representatives stationed at nearly 60 sales nationwide reflected the prospect of steep value declines ahead. Here is the rundown:

— From Pennsylvania: “The demand is still there for the nicer vehicles. As for the others, it is all about the price they are offered for.”

— From Georgia: “The volume of vehicles was up, but attendance was down, leading to more no-sales this week than last week. There were more rough units in the lanes than usual.”

— From Tennessee: “Dealers continue to describe a tough retail market, resulting in a lot of no-sales.”

— From California: “The values are coming down. but overall it was a good sale for a fall market.”