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The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
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The discounts had an immediate impact on one of the largest fleet owners of Tesla vehicles, at least on paper.
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Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
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Wholesale prices continued their decline last week through the month of January, though declines in the overall market are at a 0.21% decline, higher than historical 0.44% drops.
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Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week.
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Volume-weighted, overall car and truck segments both experienced continued softening in values, with the overall market decreasing by 0.60% this past week.
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The used truck market is currently thriving with low-mileage used vehicles in high demand and short supply.
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Tim West, Black Book’s longtime Vice President of North American Auctions, received the Ed Bobit Industry Icon Award, which honors those for their contributions to the remarketing industry.
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Black Book’s latest COVID-19 Market Update found that while used vehicle values have continued to depreciate since the last week of March, the rate of depreciation has been significantly lower over the last two weeks.
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Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
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