According to the latest edition of Black Book Market Insights, overall prices for cars at auction dropped by 0.62 percent or $73 last week, which was higher than the average declines seen over the previous four weeks.
Trucks, on the other hand, saw values fall by just 0.27 percent or $44 last week, which is in line with movement seen over the past month.
“Depreciation rate on car segments picked up a little. While trucks continued to perform better, a couple of previously strong segments experienced a market correction,” said Anil Goyal, vice president of automotive valuation and analytics.
The upper mid-size cars also saw a large decline, with rates dropping by 0.77 percent or $86. The compact cars also saw larger-than-average drops, with rates falling by 0.87 percent or $72.
The story was a bit different for the better-performing sporty cars (-0.43 percent or -$69) and luxury cars (-0.21 percent or -$43).