Professional Community for Car Dealers, Automotive Marketers and Sales Managers
Fueled by pent-up demand and rising consumer confidence, automotive sales have increased each year since the recession. Auto lenders have played a key role, helping millions of shoppers replace their aging vehicles with a newer model from a variety of categories. However, as lenders make it easier for car shoppers to purchase and lease a growing number of cars, softening used vehicle values could pose challenges for lenders down the road.
As new sales volumes continue to rise…Continue
Added by John Sternal on February 22, 2013 at 9:03am — No Comments
Following the latest used car market report from Black Book. Over the past couple of weeks there have been a number of comments about this video market update and the information and insight it provides while at several auctions I have attended over the last couple of weeks and the past…
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Added by John Sternal on January 4, 2013 at 9:00am — No Comments
Here is this week’s edition of Beggs on the Used Car Market. It’s great to have you tune into as we face the final full week of 2012. As we look back over the past couple of months, the weather has been pretty mild across most of the country until last week when a full blown winter storm came across the Rockies, the western plains and up through the mid-west. Even the upper part of the southeast got some of the white stuff. This may be a good thing for…Continue
Added by John Sternal on December 26, 2012 at 12:44pm — No Comments
Here is the latest used-car market report from Ricky Beggs, Managing Editor of Black Book.
This time of the year seems to get people in a very festive mood for both holiday parties with co-workers, friends and families as well as the end of the year retail sales push within the auto industry. We always hear about the large percentage of sales in general department stores…
Added by John Sternal on December 20, 2012 at 9:11am — No Comments
Here is the latest used-car market report from Ricky Beggs, Managing Editor at Black Book. Over the last couple of years many of us in the industry have said we are not in a normal market. This has referenced supplies, value trends that have seen both up and down movements and some of those trends do not match the…Continue
Added by John Sternal on December 13, 2012 at 7:25am — No Comments
Mid-November Used Car Market Report courtesy of Black Book:
There have been numerous headlines in the news over the last couple of weeks that could create or be a part of a reaction within the used car market. First is a continuation of the effects of Hurricane Sandy, which is now being followed up with an early Nor’easter dumping cold temperatures and wet snow. This second…Continue
Added by John Sternal on November 15, 2012 at 12:51pm — No Comments
Here is this week's used-car market report for the week of Nov. 7, according to Black Book market data. The initial impact was the sudden loss of existing new and used sales which greatly altered the October new car sales totals and prohibited the SAAR from reaching September’s 14.9 million level. With the number of flooded cars expected to greatly exceed the 640,000 cars destroyed during Katrina’s destruction in 2005, the November number will depend upon …Continue
Added by John Sternal on November 7, 2012 at 7:09am — No Comments
Here is the latest data on the used-car market from Ricky Beggs, analyst at Black Book USA.
This past week has presented some amazing insights and situations within the market and the resulting used vehicle values. As the calendar turned to a new month, there were some more aggressive efforts from some of the buyers. The number of adjustments that were increases at 19% was the …
Added by John Sternal on August 9, 2012 at 7:31am — No Comments
For those of you who know a little bit about me, you know that I worked in the print media and advertising industry for nearly a decade and grew up around the industry my entire life. I want to spend a couple of minutes discussing some concepts that I am more than confident will help your dealership in attracting new and returning customers so that you can start seeing…Continue
Following is the latest Black Book pricing data on the used-car market. Additional analysis and chart information can be found here.
It was an interesting week regarding the market values. Sure the softening trend continued. The car segments were overall at very close to the level of the previous 4 weeks, at -$31 this past week. The lone…
Added by John Sternal on June 20, 2012 at 10:59am — No Comments
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