Black Book: Mid-Size Cars See No Depreciation in February

LAWRENCEVILLE, Ga. — According to Black Book data, the average price of a used vehicle for model years 2010-2014 declined 1.1% during February, with cars declining 1.1% and trucks falling 1.2%. Full-size pickups led all vehicle segments with the highest depreciation for the month at 2.7%. Vehicles in this segment include Chevrolet Silverado, Dodge Ram ... Read More »

Depreciation On Pace to Reach 14% by Year-End, Black Book Reports

LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2010-2014, according to Black Book, declined 1.5% in September, relatively unchanged from the 1.6% decline in August. Cars declined 2.3%, while trucks declined just 1% during the month. According to the firm, average depreciation should approach pre-recession levels (between 15% and 18%) ... Read More »

Black Book Adds VP of Lender Solutions

LAWRENCEVILLE, Ga. — Black Book announced this month that Barrett Teague has joined the company to serve as vice president of Lender Solutions. A 20-year automotive finance industry veteran, Teague will be responsible for overseeing strategic operations to help Black Book’s automotive lender clients leverage vehicle data and collateral analytics for profitable portfolio management and ... Read More »

Black Book Adds Chief Technology Officer and Senior VP

LAWRENCEVILLE, Ga. — Black Book announced this month the appointment of Laird Popkin to chief technology officer and senior vice president, effective immediately. In this newly created role, Popkin has responsibility for all product development and IT operations for the entire group, which includes National Auto Research, Veretech Holdings, Inc., and Canadian Black Book. He ... Read More »

SUV Values Strengthened by Winter Weather, Black Book Data Shows

LAWRENCEVILLE, Ga. — Compact SUVs retained the most value in February thanks to cold weather, according to analysts at Black Book. The average price of 2009 to 2013 model year vehicles depreciated by 1.2% in February, matching January’s numbers. Domestic cars depreciated by 0.9%, import cars lost 1.5%, domestic trucks fell 0.8% and import trucks ... Read More »

Black Book: Vehicle Depreciation to Rise in 2015

LAWRENCEVILLE, Ga. — Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings. The annual depreciation rate in 2014 was 12.1%, and Black Book believes depreciation levels will continue to trend upward to as ... Read More »

Used-Vehicle Prices Remain Resilient in 2014

LAWRENCEVILLE, Ga. — According to Black Book data, the average price of a used vehicle for model years 2009 to 2013 continued to fall in December, depreciating 1% compared to November. For all of 2014, the average price fell 12.1%, a much lighter drop that the 12.8% decline recorded for all of 2013 and less ... Read More »

Rising Vehicle Supply Benefiting BHPH Dealers