GAINESVILLE, Ga. -

As all vehicle segments Black Book tracks dropped again last week, managing editor Ricky Beggs noticed only once in the past year has the company averaged more daily adjustments.

In his latest online video post, “Beggs on the Used Car Market,” the Black Book veteran began by insisting last week was a very active market — “not just in the volume of vehicles being sold in the auctions, but in the values of the vehicles that required adjustments.”

After analyzing tens of thousands of records throughout the week, Black Book editors adjusted an average of more than 2,625 vehicles each day. Beggs said there was only one week in the past year when there were more daily adjustments for a weekly period.

“And that week, there were only 200 more,” Beggs calculated.

Along with the large volume of daily adjustments, Beggs spotted another trend he believes dealers will find interesting.

“While there were also more increases this past week than the previous week, those increases were lower dollar amounts than the week before,” Beggs indicated. This prompted him to wonder, “Could it be related to there being a lack of ‘really nice cars’ in the used wholesale market?”

As Black Book made the necessary adjustments, editors also discovered a handful of interesting trends.

“Trucks continue to be hit harder in retention value than the cars,” Beggs shared. “As a matter of fact, cars declined more than the trucks for a weekly period only twice in the past 20 weeks.”

Black Book determined the overall change for trucks was a decline of $69, the second largest decline in the past year. During the span ending Sept. 24, 2010 — almost a full year ago —  trucks slid $72.

As all 14 truck segment types declined last week, Black Book mentioned the dip for compact pickups was barely noticeable, just $2.

However, editors discovered four truck segments sunk more than $100, including full-size crossovers (down $156) and luxury SUVs (down $140), which both decreased by at least $100 for the second week in a row.

The other two truck segments that slipped by more than $100 were compact SUVs (down $133) and midsize SUVs (down $102).

Meanwhile for cars, Black Book found these units have seen an overall decline stretch to 14 consecutive weeks. And last week’s drop — a $53 downturn — was the largest weekly decline during that period.

Two car segments sunk even more than the average — entry sporty cars (down $82) and compact cars (down $75).

“Not all segment types were weaker than the previous week as four of the 10 car segments declined, although it was less this week,” Beggs explained.

“Notice the charts showing the weekly change comparison for the past two weeks for the entry level cars, the upper-midsize cars and the near-luxury cars and the premium sporty cars,” he suggested.

Within the survey reports this past week, Black Book indicated dealers mentioned a few points multiple times.

The biggest trend dealers pointed out was the solid, almost increasing number of no sales in the lanes.

“Some of the consignors just aren’t ready to adjust their floors, or at least not as much as the buyers are adjusting their bids,” he surmised.

The other dealer trend Black Book found was the number of vehicles with higher total mileage — those with 150,000 and more miles — and also higher miles relative to the age of the vehicles.

“Sure, it’s the time of the year where many daily rental cars and other commercial fleets are currently turning their inventories,” Beggs acknowledged.

“Many of the less than two-year-old cars are appearing with 45,000-plus miles,” he continued. “No wonder some of the offers, if they get an offer, are lower, thus increasing the number of no sales.”

And speaking of mileage, Beggs highlighted the used excessive and low mileage charts within the Black Book guides, mobile solutions and data files were to be updated for the weekly and daily information dated Monday. He said the remaining data and guide solutions are to be updated on Oct. 1.

“There are narrower ranges for adjustments included and also higher levels of ranges with suggested adjustments to reflect the current market and those vehicles that are appearing in the market with very high levels of miles,” Beggs stated.

Finally, Beggs shared that he will be joined by Tom Cross, Tim West and Eric Lawrence in Chicago for the National Auto Auction Association convention that begins today.

“We look forward to seeing many of you who view the weekly video blog and market update while also discussing with you some solutions to better support your auctions,” Beggs stressed.

“Make sure to visit us in the exhibit hall. We want to say thank you for allowing Black Book to be on the lanes of your auctions every week. You will also find out what Tim has selected to have on hand,” Beggs went on to say.

“Congratulations to Jay Cadigan for a great year as the NAAA president,” Beggs added. “Have a great week."

Beggs’ videos can be viewed here.