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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
WHICH STATES GAINING & LOSING THE MOST VEHICLES?
Swapalease.com Vehicle Relocation Trends Based On Customer Patterns
Online automotive marketplaces have altered the geographic makeup of vehicle inventory from sate to state. With people changing vehicles with each other, which states are adding cars and losing them? …
Added by John Sternal on November 7, 2012 at 6:30am — 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
BMW Lets Drivers Out Of Leases
Another Example Of Lease Flexibility Benefiting Car Makers
BMW announced recently a program effective through the end of October that enables its lease customers to skip certain payments in an effort to boost sales of its new or certified used cars. BMW hopes to entice lease drivers by relaxing the strict policies of a lease contract.
Swapalease.com believes this latest…Continue
Added by John Sternal on October 17, 2012 at 1:06pm — 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
MIXED SIGNALS ON U.S. JOBS CARRIES OVER INTO AUTO INDUSTRY
Swapalease.com National Report Finds Drivers’ Confidence in Jobs Still Murky
The latest U.S. Jobs data again was underscored by mixed signals, with 114,000 jobs added on the positive yet continued shrinking of the overall labor force. Mixed data has carried over to the U.S. auto industry, where current jobs data offer a glimpse into the positives and negatives from a consumer’s perspective.…
Added by John Sternal on October 11, 2012 at 12:30pm — 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
What's the fallback option if you made a mistake by leasing?
As more people begin to lease again (latest figures show 24% of car sales as leases, up from 18% a few years ago), it's important to know the full picture of auto leasing. Sure, it's a great way to get more…
Added by John Sternal on September 13, 2012 at 12:38pm — 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
CUSTOMER CREDIT TURNS MORE POSITIVE
Recent Turndowns and Approvals Rate Show Possible Economic Trend
Credit worthiness means everything in car leasing, and Swapalease.com might have evidence of improving U.S. credit for consumers. Since the end of May, U.S. Bank customer approvals for taking over a car on Swapalease.com climbed to an average of 73.7%, compared with 55.5% the…
Added by John Sternal on August 29, 2012 at 12:28pm — 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
Fewer Delinquencies Boost Sub Prime Auto Loans For Dealers
A larger number of drivers are making their auto payments on time according to Equifax and TransUnion. This will have a significant impact on auto dealers looking to secure sub-prime auto financing for customers:
TransUnion says the number of drivers late on their car payments have dropped by 25%…
Added by John Sternal on August 28, 2012 at 1:47pm — 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
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
Boca Raton, Fla. - Black Book Online, the leading online vehicle trade-in sales lead generator, today announced an upgrade to its Activator™ platform with features designed to help automotive dealers generate more high quality trade-appraisal leads via mobile technology and social media.
New feature-rich enhancements are highlighted by a mobile version of Trade-In…Continue
Added by John Sternal on May 29, 2012 at 7:31am — No Comments