LAWRENCEVILLE, Ga. -

Wholesale values spotted in the auction lanes during the past couple of weeks appear to be dropping faster than your eyelids after that delicious Thanksgiving meal the industry will soon enjoy.

According to the latest Black Book Market Insights report, value softening is especially prevalent among cars. Analysts indicated their volume-weighted data showed overall car segment values decreased by 1.05% last week.

In comparison, market values for cars dropped by 0.76% on average during the prior four-week period.

Among cars, Black Book reported values of compact cars (down 1.31%), midsize cars (down 1.21%) and sub-compact cars (down 1.13%) declined the most.

In the truck space, analysts indicated their volume-weighted information determined that overall truck segment values (including pickups, SUVs and vans) dropped by 0.67% last week. However, that decline wasn’t as significant as the four-week average, which was 0.81%

Black Book mentioned values of full-size vans decreased the most, sliding by 1.26%

In light of all that data and movements, Black Book executive vice president of operations Anil Goyal said in the latest report, “Used-vehicle values continue to decline steeply. In the last three weeks, vehicles have depreciated at the highest rate seen this year.”

Along with Goyal’s comments, Black Book also shared the anecdotes collected by representatives stationed in the lanes at nearly 60 sales nationwide. Here are the highlights:

— From South Carolina: “Prices remained soft as they have been the last few weeks with the higher (condition report) vehicles being down and the rougher ones bringing good money for their condition.”

— From Michigan: “The auction had a positive tone this week. It was good to see that the interest and bidding both perked up a little.”

— From Florida: “Lots of no-sales, many of which resulted from a lack of demand.”

— From Massachusetts: “In speaking with remarketers post-sale, several reported that their sold prices were just OK last week.”