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Black Book's Blog – July 2015 Archive (7)

Car Values Depreciate at Twice the Rate of Truck Values

 

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

While most car segments continue to face generally higher depreciation compared with trucks, the Black Book editors noticed this past week that it’s not just smaller cars feeling heavier depreciation right…

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Added by Black Book on July 28, 2015 at 8:09am — No Comments

All Car Segments Declined While Pickup Trucks Held Values

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

Given the time of year, Black Book editors are beginning to notice a healthy amount of 2015 model-year vehicles entering the auction lanes. This is in line with typical seasonal patterns, especially as dealers…

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Added by Black Book on July 21, 2015 at 9:28am — No Comments

BLACK BOOK’S RICKY BEGGS INDUCTED INTO PRESTIGIOUS NIADA RING OF HONOR

Black Book is proud to announce that Ricky Beggs, previously Senior Vice President, was honored as the newest member of the prestigious Ring of Honor for the National Independent Automobile Dealers Association (NIADA). The award is presented annually to an executive who has exemplified outstanding performance, leadership and has added to the growth of the automotive industry.



Beggs served Black Book for 34 years before retiring in April earlier this year. During his time with the…

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Added by Black Book on July 15, 2015 at 10:17am — No Comments

Trucks Remain Ahead While Most Car Values Declined

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

In this week’s report, the Black Book editors saw data that showed a brief change in car retention in early July before car patterns quickly returned to a more “summer normal” rate of depreciation this past week.…

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Added by Black Book on July 14, 2015 at 10:41am — No Comments

WOMEN AND MEN ARE MOSTLY IN FAVOR OF THE TESLA MANUFACTURER-DIRECT CAR SHOPPING MODEL

Swapalease.com, the nation’s largest car lease marketplace, released results of its latest survey asking how interested consumers are to Tesla’s manufacturer-direct model when car shopping. According to the survey results, 67.4% of women and 75.0% of men are “all in favor of it”.



The online survey was presented to more than 2,500 consumers across the U.S. from May 10 – May 30, and the purpose was the find out if car shoppers are interested in buying or leasing a car directly from…

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Added by Black Book on July 13, 2015 at 10:38am — No Comments

CUVs Decline more than Cars

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. This edition also includes the monthly Specialty Markets report. Click here to download the full report.

 

The Black Book editors saw a few interesting changes during the July 4th holiday week, especially with large declines in the Crossover segments as…

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Added by Black Book on July 7, 2015 at 2:04pm — No Comments

SMALLER CARS AND DOMESTICS FEEL THE LARGEST DEPRECIATION DURING JUNE ACCORDING TO BLACK BOOK

According to Black Book® data, the average price of a used vehicle for model years 2009-2013 declined -1.6% in June, compared with -1.2% in May. Domestic cars changed -2.8%; import cars changed -2.4%; domestic trucks changed -0.8%; and import trucks changed -1.0%. Average pre-recession annual depreciation was continually recorded between -15% and -18%, and Black Book expects 2015 depreciation near -14.5%.



Entry-Level Cars felt the strong post-tax season slump, falling -4.7% in…

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Added by Black Book on July 7, 2015 at 12:33pm — No Comments

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