Black Book reported wholesale values softened by 0.36% last week, a reading consistent with the previous week and the average spotted during the same week before the pandemic.

However, analysts are bracing for impact of the much-ballyhooed tariffs orchestrated by President Trump.

“Despite the uncertainty introduced into the market last week due to the president’s negotiations with Canada and Mexico regarding a 25% tariff on imports, the wholesale market remained resilient, showing strong sales nationwide and values that continued to align with seasonal depreciation trends,” Black Book said in its latest installment of Market Insights released on Tuesday.

“The Black Book team is monitoring Canadian exporters closely due to potential tariffs that may impact the export business to the U.S. The imposition of tariffs could affect trade pricing, and overall volume,” analysts continued in the report.

While values remained steady, Black Book also indicated last week’s auction conversion rate came in at 59%. And on the retail front, Black Book said its estimated used retail days to turn is now at roughly 44 days.

“As always, our team of analysts are focused on the keeping their eyes on the market for developing trends and gathering insight,” Black Book said.

And here’s more of that insight from the latest update.

Analysts determined all nine car segments experienced price declines last week, with compact cars leading the way with a decrease of 0.57%.

Also of note within the car department, Black Book mentioned that values of units between 8 and 16 years old softened by 0.59% a week ago.

Similarly, prices for trucks of that age range dropped at almost the same pace, sliding by 0.58% last week.

Black Book pointed out all 13 truck segments reported a decrease in values last week, with prices for full-size pickups leading the way by dropping 0.59%.

Analysts added one other tidbit about full-size pickups, saying, “Older units, aged 8 to 16 years, have been depreciating at around half a percent per week for the past three weeks.”

Also of note, Black Book said depreciation for minivans is decelerating. After eight weeks of an average weekly depreciation of 0.89%, values for minivans dropped by just 0.39% last week, according to Black Book tracking.