GAINESVILLE, Ga. -

Black Book watched wholesale vehicle price adjustments that merited an increase constitute 19 percent of all changes editors made last week; a level Ricky Beggs indicated was the highest in the past four weeks and the second highest in the past nine weeks.

“This past week has presented some amazing insights and situations within the market and the resulting used-vehicle values,” Beggs stated during his latest video analysis, “Beggs on the Used Car Market.”

He continued with, “As the calendar turned to a new month, there were some more aggressive efforts from some of the buyers.”

“But when looking at the overall average segment change which increased for the cars and trucks over the previous week, those that did decline averaged a higher amount than in any of the previous five weeks,” Beggs added.

Examples of those segments included premium sporty cars (down $123), near-luxury cars (down $79) and prestige luxury cars (down $61).

“The mix of vehicles with the largest percent change took a different turn with three of the four largest declining segments being made up of more fuel efficient vehicles,” Beggs also noted.

“This was somewhat unexpected as gas prices have now increased for four consecutive weeks,” he continued. “Fortunately, we are not at gas price levels that have openly changed buying habits nor drastically affected the consumer in the pocketbook.”

Taking a closer look at the truck trends showed Black Book that the two largest declining segments this past week now are on streaks of three weeks in a row where the prices dropped by nearly $100 or more.

That group consisted of  midsize crossovers  (down $101 this past week for a three-week average decline of $98) and luxury SUVs, which were off by $99 this past week and $108 during the past three weeks.

Other truck segment prices that didn’t soften as much were cargo minivans (down $14), compact SUVs (down $23) and midsize pickups (down $26).

On the positive side, Black Book determined that prices for compact pickups increased again this past week by $29.

“A year ago, the compact pickups had one of the larger declining changes, while the most recent largest declining segment, the midsize crossovers, was close to one of the smallest declining amounts a year ago,” Beggs pointed out.

“With changes all over the board this past week there are questions within our team as what we will find next week,” Beggs went on to say. “We hope you will be watching the daily changes through the Black Book Mobile apps.

“We’ll see you on the auction lanes and wish for you a great week,” he concluded.

Beggs’ video can be viewed below.