The Car and Truck Fleet and Leasing Management Magazine

Resale Values Experience a Drop, <i>Black Book</i> Reports

September 29, 2009

GAINESVILLE, GA - For the first time since the week ending May 15, total truck segments were down, according to Ricky Beggs, Black Book vice president and managing editor.

Six of the 14 truck segments Black Book tracks were negatively adjusted last week, Beggs reported in his weekly market video update.

"What a roll the truck segments have been on since last fall. This week the trend may pick up again or may continue as last week," he said.

Meanwhile, the 10 car segments Black Book examines remained relatively steady. Only one segment - premium sports cars - was downwardly adjusted this past week.

Beggs also touched base this week with manufacturers, remarketers, independent and franchise dealers, and rental companies, to get their take on the condition of the used-vehicle market.

Among the feedback received, several commercial remarketers showed concern "due to their sales conversion rates not being what they have been accustomed to during the unprecedented strong run from spring, summer and into the early fall," Beggs said.

With others responding that wholesale values are "'getting softer...going through an adjustment...settling out... buyers being more selective,' all indicate the market is just not as aggressive," Beggs reported.


Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

The Global Auto Program manager for Microsoft. He was named International Fleet Manager of the Year in 2010.

Read more

Up Next

More From The World's Largest Fleet Publisher