GAINESVILLE, Ga. -

Black Book’s Ricky Beggs contends there are two factors that sparked the most active market editors have seen in two months.

What caused Black Book to adjust prices on more than 2,850 vehicles per day last week? Beggs explained what happened in the latest installment of his online video report, “Beggs on the Use Car Market.”

First, Beggs noted, “Late model vehicles, with even slightly edgy miles on the odometer, were just not getting any attention.

“This is a real typical reaction for this time of the year with a new model year of vehicles appearing in the market from every manufacturer,” he acknowledged. “In time this will change, along with more market value adjustment on the used models.”

Next, Beggs mentioned the other reason for the change in wholesale market activity

“Even though there were plenty of no sales in most lanes, if a truly clean condition car was crossing the block, the buyers would suddenly appear,” Beggs shared.

“As the week ended, the actual adjustments that were increases on average condition came in at 29 percent,” he continued. “It is unusual for the average and clean values to differ very much in their trends and adjustments, but this past week the clean condition values had 35 percent of the adjustments being increases.

“I see this as another supporting example of many of the trade-ins at franchised stores being older and with higher miles, thus the results of Clean values getting more positive attention,” Beggs went on to say.

Moving along, Black Book noticed the average decline in car prices a week ago came in at a level that editors haven’t seen in more than a year. The average car price sunk $94, representing a 0.59 percent change

During the past two months, the car segment posting one of the larger percent depreciation levels each week has been entry level cars. But a week ago, Beggs pointed out this segment posted the lowest dollar and percentage decline at $21 or 0.32 percent.

Meanwhile, three of the four luxury car segments Black Book tracks suffered price declines above the century mark. That cluster included prestige luxury cars (down $206), luxury level cars (down $135) and premium sporty cars, which dropped by $172, and have now declined by more than $100 for three of the past four weeks.

“It’s also an interesting note that with this being the largest declining weekly level for cars, that this is also the smallest increase in gas prices, at less than 1 penny since the first of July,” Beggs interjected.

Taking a closer look at truck segments, editors determined that prices dropped by the smallest weekly decline since the week ending June 1, sliding by just $29. In fact, one truck segment — full-size passenger wagons — actually increased by $13.

“All through the week the reports we received from the Black Book survey personnel were mostly about the interest in the trucks and utilities. And after all of the data analysis, the final adjustments supported those comments,” Beggs highlighted.

Beggs wrapped up his latest analysis by asking, “What’s hanging in the wings for the market movement?”

He responded with, “Keep those mobile smartphones handy with the latest daily updates from Black Book.

“We hope you have a great week and we look forward to seeing you back on the auction lanes this week at your favorite auctions,” he concluded.

Beggs’ latest video can be viewed below.