Wholesale vehicle price depreciation picked up a bit last week in Canada, falling by an average just over a half-percent.

Canadian Black Book found that used-vehicle prices declined by an average of 0.55%. Car depreciation was once again higher, dropping by an average of 0.67%, while trucks and SUVs dropped 0.42%.

Two out of 22 segments saw prices rise, with the full-size luxury crossover/SUV segment spiking by almost a full percent (up 0.86%). The minivan segment was up by 0.01%.

The subcompact cars saw the biggest drop of 1.92%, followed by compact vans with a decline of 1.50%.

Among car segments, the smallest decline was seen among luxury cars, with a slight drop of 0.22%. These were followed by near luxury cars, with a drop of 0.37% and premium sporty cars with a decline of 0.39%.

Compact cars and prestige luxury cars joined the ranks of subcompact cars with a decline of over one percent (both segments down 1.07%)

For trucks, the most impactful drops were seen among compact vans, down 1.50%, full-size pickups down 1.49% and compact luxury crossover/SUVs down 1.01%.

Two truck segments saw appreciation last week: full-size luxury crossover/SUVs and minivans.

“The Canadian market continued to decrease, with declines increasing slightly from the prior week,” CBB said in its weekly report. “Supply is building with decreasing demand for vehicles at auction on both sides of the border.”

Most segments saw depreciation of over $100 during the week ending March 2.

“Conversion rates were stable this past week with some observed sell rates as low as 23% and as high as 58% but most were between 40-50%,” CBB said. “Last week we saw more sellers dropping floors, which has been contributing to less lanes with lower sell rates.”

In the U.S. market, conditions are much the same. Last week in the U.S., car and truck segments saw lessening depreciation as well with rates only dropping by an average of 0.16%.

Car prices fell by 0.10%, while trucks fell by 0.18%. Interestingly, this marks a flip from recent trends.