Perhaps someone at your Thanksgiving dinner table made the comment, “What a difference a year makes.”

Maybe the team of analysts at Black Book said the same thing when the group determined wholesale values dropped by just 0.29% last week. That’s because a year ago when the industry celebrated the holiday of giving thanks, values plummeted by 1.86%.

Black Book also mentioned in its newest edition of Market Insights that the average wholesale price decline during the same week in 2017 through 2019 was 0.82%.

“We hope everyone had a delightful Thanksgiving, cherishing moments with family and friends,” analysts said in the report. “Regarding the market, last week saw a rise in the overall auction conversion rate, though some locations experienced disruptions due to the holiday.

“This week, the team will monitor whether the increased bidding activity is a temporary spike from the holiday or will continue through the year end,” Black Book continued.

Analysts will be watching auction activity amid some interesting developments associated with certain vehicle segments.

Black Book noticed values for premium sporty cars decreased by 0.54% last week. That movement came after prices for those units rose by 0.03% a week earlier.

Analysts pointed out that all cars 8- to 16-years-old depreciated by 0.43% last week.

And Black Book added that prices for full-size pickups softened by another 0.34% a week ago.

“With incentives rising for the remaining 2024 models on dealers’ lots, the team is monitoring for potential increased depreciation in the used market,” Black Book said about those pickups.

Of the 22 vehicle segments that Black Book tracks, only one appreciated during Thanksgiving week. That was subcompact luxury crossovers, which moved higher by 0.27%.

Two other points to mention: Black Book said last week’s auction conversion rate came in at 59%, and analysts noticed the estimated used retail days to turn is now at roughly 48 days.

“As always, our team of analysts are focused on the keeping their eyes on the market for developing trends and gathering insight,” Black Book said.