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Hello and welcome to this week’s edition of Beggs on the Used Car Market with used car valuation data trends from Black Book and Ricky Beggs. We trust the market has been good to each and every one of you as a buyer, a seller or a player in the lending side of the business. As I stood on the lanes this week I truly appreciate the comments that were made about the market strength, how some vehicles are identified and listed within the guides, and even the effects that actual VIN decoding…Continue
Added by John Sternal on April 14, 2014 at 7:55am — No Comments
According to Black Book® data, used vehicles model years 2008-2012 overall depreciated -0.3% in March, showing continued strength in seasonal retention compared to the -1.1% rate in February. Domestic cars gained in value by +0.7%; import cars depreciated -0.6%; domestic trucks gained in value by +0.6%; and import trucks depreciated -0.8%. Average pre-recession depreciation is historically between -1% and -2% monthly, and Black Book expects overall 2014 depreciation of -13.5%.
Hello and welcome to this week’s edition of Beggs on the Used Car Market, with the latest vehicle valuation data from Ricky Beggs and Black Book. We trust you have had a good week on the retail lots, in the auction lanes and airwaves and within the finance offices.
For those of you who have commented over the past several weeks that you expect the market to…
Added by John Sternal on April 7, 2014 at 8:22am — No Comments
With reports of the “sellers are happy” and “it’s a sellers’ market”, the results of the weekly market changes were bound to show continued strength. The only question remaining was just how strong it would actually be after a full week of auction activity. Welcome back to this week’s Used Car Market Report with insights from Ricky Beggs from Black Book.
As I reviewed the…
Added by John Sternal on March 31, 2014 at 7:59am — No Comments
Hello and welcome to this week’s edition of Beggs on the Used Car Market from Black Book. And by springtime, not just because the calendar says we have reached that point in the year, but after talking with a couple of industry folks in Detroit, the DC area and even from two mid-west states, there was a freshness in their voices due to no snow in the air or on the ground, with some sunny…Continue
Added by John Sternal on March 24, 2014 at 8:58am — No Comments
According to Black Book data, used vehicles model years 2008-2012 overall depreciated -2.1% in October, marking a noticeable change from September data recorded at -1.3%. Domestic cars depreciated -2.5%; import cars were -2.3%; domestic trucks were -1.7%; and import trucks were -2.1%. Average pre-recession depreciation is historically between -1% and -2% monthly.
Full-size pickups and Full-size CUVs led all segments with the strongest monthly depreciation levels each at just -1.1%.…
Added by John Sternal on November 11, 2013 at 7:57am — No Comments
Following is this week’s edition of Beggs on the Used Car Market. What a variety of comments we received throughout this past week from dealers around the country. From the Pennsylvania market the “demand seemed to be up”, while not too far away geographically at an Indiana auction the feeling was that “prices seem to be dropping”. A Michigan report felt…Continue
Added by John Sternal on October 23, 2012 at 12:00pm — No Comments
Autoline Discusses State Of The Used Car Market
Check out this week's edition of Autoline with John McElroy, where the current state of the used-car market is discussed. Guests included Steve Finlay of Ward's Auto, Ron MacEachern of The Suburban Collection and Ricky Beggs, Managing Editor of Black Book. Important topics discussed included the impact older-model trade-ins are having on franchise dealers, and their ability to…Continue
Added by John Sternal on October 17, 2012 at 12:55pm — No Comments
Where Are The Most Volatile Prices In The Auto Market?
How was the market this past week? When looking at the car segment activity from Black Book data, the overall segment average change increased over the previous week to -$70. Within the various segments, most were pretty similar to the week before except for the Entry Level Cars (ELC) which had been pretty solid for the previous two weeks but requiring…Continue
Added by John Sternal on October 11, 2012 at 12:21pm — No Comments
Following is the latest used-car pricing trends from Black Book data and analysis. Week over week gas prices at the pump increased by $.03, with no detriment to the necessary changes to the vehicles of the…Continue
Used Vehicle Value Changes Week Of Sept. 13
Here are the latest wholesale price changes according to Black Book analyst Ricky Beggs. From all the data we analyzed during the week, the effects of continuing climbing gas and diesel prices at the pump, that has now reached a point that is higher than any time since back in the week of April 23, 2012, has given us some…
Added by John Sternal on September 14, 2012 at 7:08am — No Comments
New Mid-Size Models Will Likely Impact Used Car Values
Here are the latest used-car pricing trends from Ricky Beggs, senior analyst at Black Book. One of those major refreshes we at Black Book have recently had a chance to see first- hand comes from the normally less than exciting mid-size car segment. Don’t just…
Added by John Sternal on September 10, 2012 at 6:28am — No Comments
Used Vehicle Prices Continue To Drop Across Many Segments
Black Book editors and survey personnel continued their auction attendance gathering current market data and insight from all across the country, enabling us to make the most accurate and current Daily adjustments to the published values.
Gas prices continue to climb, this past week up another $.02 to a national average of $3.74 per gallon. The comments…
Added by John Sternal on August 29, 2012 at 12:14pm — No Comments