GAINESVILLE, Ga. -

Though retail interest in trucks continues to rise with growth in construction and housing development, auction prices for these vehicles took a downward turn last week after showing price strength through much of the spring.

Black Book’s Ricky Beggs explained that all 14 truck segments experienced price declines last week, with the smallest decline being a $2 slide in the compact SUV segment.

This proved to be quite an industry turn, since according to the Beggs, the truck market has had “at least one increasing segment every week for the past three months.”

Overall, the average truck segment price shift was a decline of $48. And though experiencing declines, the drops are lower than they were a year ago, when the average truck segment decline was at $54.

The full-size crossovers saw the largest decline in the truck segments this week, falling by an average of $102.

“This segment which has had some of the better retention during the recession years, is now catching up to the remainder of the market in depreciation overall,” Beggs said in the latest “Beggs on the Used Car Market” video report.

“This segment is also the second highest average truck segment in price behind the luxury SUVs,” he added.

Beggs also explained that while prices may be dropping, interest for trucks on the retail side is still high.

“Another focused strength within the market is the attention on both new and used markets toward trucks and products related to commercial applications; commercial construction, housing and the service industries,” Beggs shared.

Car Segment Movements

As for cars, the news on the wholesale front was much the same, with the overall car segment change this past week coming in at -$39.

Interestingly, this is the exact same level of decine seem during the same week of 2012, Beggs shared.

“These most recent changes came from all 10 segment types softening and six of the ten being larger declining amounts than the prior week,” he explained.

Two segments held on to their value better than they did the previous week, those being entry-level cars ( down $7) and the full-size cars (down $35).

The segments experiencing the largest declines were the luxury level cars at -$58, the prestige level cars at -$48 and the premium sporty cars at -$46.

To view the latest “Beggs on the Used Car Market” video report, see below: