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Black Book analysts say full-size vans and premium sports cars helped used-vehicle values start summer on a strong note, ticking up 0.6% from May to finish at 115 in June.
Black Book has unveiled Asset Verification Tool, a proprietary VIN-level identifier designed to help auto finance sources reduce the risk of fraud at loan origination.
Black Book’s Used Vehicle Retention Index registered its first monthly gain of the year, ticking up to 114.4 in May. But analysts warn waning demand could follow a strong end to the spring selling season.
Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.
LAWRENCEVILLE, Ga. — Strong demand for pickups and small cars fueled another week of low depreciation in the wholesale market, according to Black Book’s Aug. 20 Market Insights report. Overall car segment values decreased by 0.11% last week. In comparison, values had decreased at a rate of 0.2% per week during the previous four weeks. ... Read More »
LAWRENCEVILLE, Ga. — The replacement of the up to 500,000 vehicles damaged by Hurricane Harvey began last month, fueling the largest single-month increase in Black Book’s Used Vehicle Retention Index since March 2012. The index increased from 112.6 to 113.9, with compact cars (up 2.8%), compact crossover SUVs (up 2.4%), full-size cars (up 2.5%), and ... Read More »
LAWRENCEVILLE, Ga. — A steep decline in Crossover/SUV wholesale values, which have been strong all year, may point to more than seasonality as the reason for higher depreciation recorded for two-year-old vehicles last week, Black Book said this week. This week’s Black Book Market Insights report show a greater weakening in pricing on vehicles in ... Read More »
LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2011-2015 depreciated 2.4% during August, noticeably more than July’s 1.5% decline, according to Black Book. The decline is also notably more than what was recorded the last three years during the month of August — even higher than August 2014’s 1.9% depreciation ... Read More »
LAWRENCEVILLE, Ga. — Year-over-year depreciation accelerated during the first quarter of 2016, demonstrating that the market has reached the peak of the spring season, according to Black Book. During the quarter, vehicles depreciated at a rate of 3.6%, compared to 0.6% during the year-before period. Additionally, Black Book data found that the average price of ... Read More »
LAWRENCEVILLE, Ga. — Black Book has announced a distribution agreement with ProMax to help expand the footprint of its new Bullseye Prospecting turnkey platform for dealer marketing campaigns. As part of the agreement, ProMax will market Bullseye Prospecting to its network of auto dealers throughout the United States. “ProMax had the opportunity to conduct an ... Read More »