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SEARCHGAINESVILLE, GA – More increases than drops in value last week are a good sign that the market is continuing to be strong and active, according to Black Book's Ricky Beggs.
GAINESVILLE, GA – More increases than drops in value last week are "a good sign that the market is continuing to be strong and active," according to Ricky Beggs, Black Book managing editor in his latest "Beggs on the Market."
Luxury, standard, hybrids, and even SUVs and crossovers continued to go up in value, reported Beggs, with some vehicles undergoing multiple adjustments during the week.
Overall, cars were only down about $15 for the week and trucks were up almost $100. "This is ten straight weeks that the overall average for trucks has been up," said Beggs.
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Work trucks lose value at remarketing, not because they aren't worth more, but because the data to prove it rarely makes it to the auction.
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Solid demand at Manheim auctions with higher sales conversion rates indicate an appetite from dealers to buy.
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