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Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Black Book’s Lender Solutions division analyzed historic vehicle segment data to develop retention level projections for the next 12 to 24 months.
Read More →Black Book released a report on depreciation rates for the month of June, noting that compact cars lead the pack in terms of depreciation for the month.
Read More →Black Book’s report noted that although used vehicles depreciated 1.3 percent across all segments in June, the mid-size pickup truck category saw depreciation of only 0.7 percent for model years 2007-2011.
Read More →Hybrids are slowly increasing in the market. Black Book projects 2013 hybrid models to retain 50.4 percent of their original equipped retail price, while 2013 equivalent gas models are projected to retain 54 percent of their original equipped retail price.
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Five used-car segments have resumed price declines after a strong Spring buying season, which is typically strong when shoppers purchase used vehicles with tax rebate money.
Read More →Black Book recently released a new analysis of vehicle depreciation rates, noting that April generally is the end of the spring buying season for used cars and that this was the case last month.
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Black Book recently announced that Ricky Beggs has been promoted to the position of senior vice president, editorial director. Beggs will continue to oversee all of Black Book’s vehicle valuation data and media contacts.
Read More →New- and used-car dealers, lenders, manufacturers, fleet remarketers, and government agencies have relied on Black Book since 1955 and M1 Data & Analytics is the first supplier of data to integrate this resource into an online line count and ordering system.
Read More →Spurred by seasonal buying habits from shoppers leveraging anticipated tax returns, the used-car markets saw some price increases during February.
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