Overall wholesale prices as well as values for both cars and trucks moved higher last week at almost the exact same pace as the previous week, according to the newest Market Insights released by Black Book on Tuesday.

The price climbs arrived as the estimated average weekly sales rate remained at 73% during the week that closed on Saturday. Black Book said that’s the highest estimated average since October.

“The overall market continued to experience increases last week, with the more fuel-efficient segments reporting some of the largest gains,” analysts said about overall wholesale that increased by 0.20% after a weekly rise of 0.21%

“Despite high fuel prices, the pickup segments, both small and full-size, reported increases,” analysts continued in the report. “Sales rates at the auctions continue to be strong as the potential for new-vehicle inventory continues to look grim.”

Looking deeper at the new data, Black Book said that on a volume-weighted basis, overall car segment values increased 0.37% a week after they moved up by 0.44%.

Analysts indicated prices for eight of the nine car segments increased last week, with compact cars leading the way at 0.68%, extending their value climb to nine weeks in a row.

Black Book noticed values gains for two other car segments accelerated last week, with prices for near luxury cars rising 0.20% and prices for prestige luxury cars moving up by 0.23%.

If dealers have potential buyers for premium sporty cars, managers might be able to carve out a healthier margin since values in that segment now have been declining for 24 consecutive weeks. Prices for those premium sporty cars dropped another 0.35% last week, according to Black Book.

Moving over to trucks, Black Book said prices in nine out of the 13 truck segments reported increases, leading to an overall value gain of 0.11% and a slight uptick from the previous move higher of 0.10%.

Analysts said prices for those previously mentioned full-size trucks increased for the second week, climbing by 0.11%.

Conversely, Black Book determined values for less fuel-efficient SUVs — full-size and full-size luxury — posted the largest declines last week, softening by 0.16% and 0.30%, respectively.

“Full-size vans declined 0.06%, but this is interpreted as stability in this market after a record-setting streak of increases,” analysts said. “It is expected that the full-size van segment will return to gains soon though, as new supply has not improved.”

Black Book rounded out its latest updating by mentioning some 2022 vehicles are starting to make their way down the lanes.

“Hopefully this is an indicator that OEMs are getting ready to launch more of their MY23 models,” analysts said.

Should 2023 models make their way to the retail, fleet and rental spaces, it might trigger some relief in the wholesale world.

“Rental companies continue to be active, both as sellers of high-mileage vehicles and as extremely competitive buyers,” Black Book said. “After some weeks of less participation, rental companies have really stepped up their bidding in the last week.

“It seems like OEMs are leaning towards closed sales lately, at least initially, to give priority to their franchise dealers,” analysts continued. “Large independent dealers are still looking to the auction lanes as a method of sourcing inventory.

“Newer used vehicles (0-2 years old) continue to be coveted, especially with low mileage and a high CR, as a replacement for new vehicle inventory, but the high-mileage, older models may be starting to slow down after many weeks of increased interest,” Black Book went on to say.