March started on Saturday; the last day of the week included in the newest Black Book analysis of the wholesale market.

And that stretch generated the highest conversion rate seen at the auction so far this year, as Black Book pegged it at 62%, marking an increase of 4 percentage points from the previous week.

Throughout February, the average conversion rate stood at 59.75%, according to Black Book, which shared the trends in its latest installment of Market Insights.

Analysts also determined overall wholesale prices softened by just 0.19%; another indication that like the arrival of March, the spring market might be in our midst, too.

“Currently, stability is the name of the game, with early indications of rising prices in select segments suggesting that spring is near,” Black Book said in the report. “The previous week’s overall market downturn mirrored that of the prior week, remaining less severe than the typical seasonal declines for this period.”

Analysts pointed out all nine car segments experienced price declines last week, with subcompact cars continuing their downward streak.

Black Book noted that values for sub-compact cars dropped another 0.69%. Over the past eight weeks, Black Book said this segment has averaged a weekly price decline of 0.76%, making it the segment with the highest average weekly depreciation during this period.

Holding their values the strongest currently among cars are the near luxury and sporty car segments, which posted the least depreciation a week ago with decreases of 0.14% and 0.15%, respectively.

In the truck department, the talk was about full-size pickups.

Black Book reported that following 23 weeks of value declines, full-size pickup finally posted a price increase, gaining 0.07%.

Furthermore, analysts noticed that prices for full-size trucks that are less than 2 years old increased by 0.25% last week.

With the spring market likely to gain momentum as we get deeper into March, Black Book reiterated, “As always, our team of analysts are focused on the keeping their eyes on the market for developing trends and gathering insight.”