Chart courtesy of Black Book.

Chart courtesy of Black Book.

Car and truck segments experienced an overall reduction in depreciation during the week of Oct. 28, with truck wholesale values decreasing by 0.58% during that week, compared to 0.76% the week before. Meanwhile, car overall wholesale values decreased by 0.53%, compared to 0.80% the previous week, with the segment decrease being led by prestige luxury cars with a 1.03% drop.

These results mark the first time in four weeks that car values have depreciated at a slower rate than truck values, according to Black Book's Nov. 8 Market Insights report.

“Depreciation slowed a little last week after four weeks of steeper declines. However, auction reports continue to show spotty demand and higher no-sales,” said Anil Goyal, senior vice president of automotive valuation and analytics for Black Book.

In the car segment, sub-compact cars and full-size cars also took big hits, falling, 0.76% and 0.75% in average wholesale value, respectively. As for trucks, sub-compact crossover/SUVs and sub-compact luxury crossovers experienced the biggest declines, falling 1.96% and 1.66%, respectively.