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John Sternal's Blog Posts Tagged 'ricky' (25)

Why Are Used Car Values Showing Such Change?

Here is the latest used car market report from Black Book. As the feedback arrived from the Black Book survey personnel who attend the auctions across the country every week, what a variety of opinions were presented. From slow, to many no-sales, to a couple indicating a flat market with the other side of the spectrum described as buyer interest being up, pickups with strong activity and older units selling…

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Added by John Sternal on May 16, 2013 at 11:58am — No Comments

Spring Market Ending As Car Segments Starting To Soften?

Here is the most recent used car market report from Ricky Beggs and Black Book. A few months back we talked about the effects on the used auction activity, especially on the physical lanes, when we have a fifth week of the month of auctions. While attending a manufacturer related meeting this past week I had a remarketer say the reason for more no sales during this past week was due to the extra week of activity for the month. We did have…

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Added by John Sternal on May 13, 2013 at 1:22pm — No Comments

Entry Level Cars Continue To Climb In Automotive Market

Here is the latest used car market report from Black Book. As the week progressed and comments arrived from the Black Book survey personnel, there were primarily three main descriptions of the auction activity and market: steady, good and strong. On the other hand there was a slightly surprising…

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Added by John Sternal on April 11, 2013 at 2:26pm — No Comments

Gas Prices Continue To Fall As March Ends On High Note For Dealers & Remarketers

Here is the latest used car market report from Ricky Beggs and Black Book. Gas prices continue to fall, but only $.015 this past week. At least we are $.24 less than a year ago. I wish I could say the decline at the pump was directly driving the market, but at this point this is an afterthought. The overall strength is really based on less than full operating lanes with…

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Added by John Sternal on April 4, 2013 at 10:23am — No Comments

RV Values Show Steady Increase

It may be early April as we release this market update, but for sure the market overview is all solid facts and no tom foolery for dealers interested in motorcycle and powersports, the collectible and exotic cars, the recreational vehicles and the mother of all work markets, the…

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Added by John Sternal on April 2, 2013 at 8:53am — No Comments

Compact Cars See Greatest Upward Movement

Here is the latest used car market report from Black Book and managing editor Ricky Beggs. As the data and market reports came steadily flowing into the Editorial team where the analysis progressed, it was prevalent as to the need for used vehicles for retail level offerings. When demand is present, prices will generally increase or at least stay stable. Although…

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Added by John Sternal on March 27, 2013 at 9:09am — No Comments

Compact SUV's Continue to Climb As Strong Spring Market Begins

The Black Book team has been in Las Vegas this past week at the CAR/IARA/NAAA Conference, where we produced the latest used car market report. There has been insight regarding the rebirth of Harley Davidson when they were close to extinction in the 90s, and also some interesting economic thoughts from Steve Cortes, a commentator on CNBC. Now, let’s…

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Added by John Sternal on March 12, 2013 at 8:33am — No Comments

Compact Crossovers Gain More Momentum

One of the strongest segments in today’s auto industry is that of compact crossovers. This category was one of just four truck segments that saw price increases this past week as reported in the most recent used car market report.

 

Jeep announced late last week that it will revive the Cherokee model to replace its Patriot as well as…

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Added by John Sternal on March 6, 2013 at 9:35am — No Comments

Used Car Segment Rises As Spring Approaches

As you are watching this video several of the Black Book team are heading to or are already at the CAR/IARA/NAAA Conference in Las Vegas. What a great event to network with other remarketers, and to hear insight from the many informative sessions presented by industry leaders.

 

Next week several from our Lender Solutions team will be in Scottsdale for the CBA Conference. Some of the prime…

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Added by John Sternal on March 6, 2013 at 8:08am — No Comments

Buy Here Pay Here Markets Show Increased Strength

Following is this week's used car market report from Black Book managing editor, Ricky Beggs, also available by viewing the weekly video segment. As we attended the auctions, and talked with many dealers and also looked at the commentary from the Black Book survey personnel, there were three main topics of interest that kept coming up, and these are not in any particular order, a strong market, the current tax…

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Added by John Sternal on February 25, 2013 at 11:29am — No Comments

Monitoring Collateral Risk Gain More Importance According to New Black Book Insight

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…

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Added by John Sternal on February 22, 2013 at 9:03am — No Comments

Under $10,000 Car Still Grabbing All Attention in Used Car Market

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 February 14, 2013 at 8:48am — No Comments

Recent Survey Results Show Changing Trends In Lease Preferences

Swapalease.com, the world’s largest automotive lease marketplace, reveals survey results that show changing trends among consumers shopping for a lease. Among the highlights, roughly a quarter of people seek leases with less than 12,000 miles per year; more than half would bypass a physical test drive; and nearly half obtain car insurance coverage greater than what’s required.



How many miles do you…
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Added by John Sternal on January 24, 2013 at 7:46am — No Comments

Not The Average New Year Retention

Following is the latest used car market report from Ricky Beggs and Black Book. The top 2 headlines on national sports news over the past week have had no connection or relation to a specific game or competition. At least the headlines out of Detroit during the North American International Auto Show have been all about some exciting new products that will hopefully be in…
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Added by John Sternal on January 23, 2013 at 1:54pm — No Comments

Historical Market Indicate Increase In Used Car Prices

Here is the latest used car market report from Ricky Beggs, Managing Editor at Black Book…
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Added by John Sternal on January 16, 2013 at 11:00am — 1 Comment

Increase of More Than 25% in Customer Credit Approvals

National car lease marketplace Swapalease.com says customer credit approvals based on U.S. Bank data jumped 27.3% in 2012 compared with approval rates from 2011. Consumer credit is the backbone of vehicle lease…
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Added by John Sternal on January 10, 2013 at 9:20am — No Comments

Increase In 2012 New Car Sales to Impact Used Sales in 2013?

Here is this past week's used car market report from Ricky Beggs and Black Book. The…
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Added by John Sternal on January 10, 2013 at 8:30am — No Comments

Solid Increases Drive Positive Pricing Changes For Trucks

Here is the latest used car market report for the week of Jan. 4 from…
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Added by John Sternal on January 4, 2013 at 9:00am — No Comments

30% Of Car Segments Saw Price Increases Last Week

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…

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Added by John Sternal on December 26, 2012 at 12:44pm — No Comments

Continue Flow Of Trades From New Sales

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…

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Added by John Sternal on December 20, 2012 at 9:11am — No Comments

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