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Post Hurricane Sandy, the used-car market is about to see changes that will slow down vehicle resale value depreciation and possibly even push up prices in some categories, according to Black Book’s Senior Analyst Ricky Beggs.
Read More →Values on used cars improved overall over the past week, with the average segment change being -$61, the lowest decline in the past 10 weeks, according to Black Book.
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Domestic used vehicles averaged $14,839 at the end of September, down from $15,055 at the beginning of the month.
Read More →Black Book reported that resale values declines in the car segment have become increasingly large since April, though the truck segment, on the other hand, has seen price drops slow.
Read More →The two biggest segment drops for the first six months of 2012 are the Near Luxury Car and Full-Size Van Cargo categories, at -5.7% and -6.2% respectively.
Read More →Last month Beggs reported a pattern of decreasing wholesale prices for medium-duty trucks, and this month brings more of the same, especially with late-model medium- and heavy-duty vehicles.
Read More →Activity in pricing adjustments was ‘pretty substantial,’ reports Ricky Beggs, managing editor of Black Book, adding that with more than 2,300 vehicles adjusted each day throughout the week, the trend is very similar to the previous two weeks.
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Average auction prices climb above $10,000 for the first time since June 2011.
Read More →Black Book’s Ricky Beggs reports that average values for both cars and trucks increased for the first time this year.
Read More →Ricky Beggs, managing editor of Black Book, presents the Oct. 31 edition of "Beggs on the Used Car Market." In his weekly video, he discusses the performance of the various car and truck market segments, and the possible role of changing fuel prices.
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