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Welcome to this week’s edition of Beggs on the Used Car Market, with insights and analysis of the used car market from Ricky Beggs and Black Book. It was an abbreviated week of wholesale activity. The car segments came in at -$45 which is right around the change levels of the previous nine weeks. The lone segment that caught my attention was the Entry level Cars at -$37 or -.52%. The previous week this segment had no change and now this week had the largest percentage change of all car segments.
The truck segments were again slightly more stable than the cars and at a -$20 average segment change this is the lowest weekly change in the past three weeks.
Click here for a sit-down video interview with Black Book's Kyle Luck to learn about the latest version update for the Black Book Digital mobile app.
A true pioneer of the fleet industry, Mr. Ed Bobit, passed away just over a week ago. There is no one who was more supportive of the industry and the people of the industry than the Coach. All who had the opportunity to know him will feel the impact of this loss, but also have great memories of his friendship and leadership. Keep the stogie lit. Our condolences from Black Book to his family at home, and his family at Bobit Business Media. May you rest in peace.