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’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.
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 »
ATLANTA — Wholesale used-vehicle prices increased again in May, suggesting dealers have continued to achieve efficiency gains that allow them to bid-up auction prices even as gross margins narrow. The May increase, which followed an April increase, resulted in a year-over-year gain, according to Manheim’s Used Vehicle Value Index. Total used retail unit volumes rose 6% in the ... Read More »
ATLANTA – Wholesale used-vehicle prices declined in March for the third consecutive month, illustrating the long-anticipated dip in pricing. This brought the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — to a reading of 122.5 in March, a decrease of 1.6% from a year ago. ... Read More »
IRVINE, Calif. — Kelley Blue Book now offers its customers a new self-service interface for easy access to new and used-car Kelley Blue Book Values and configuration data by vehicle identification number (VIN) within its suite of business-to-business solutions. Kelley Blue Book Values incorporate more than 250 sources. Using flexible file formats, customers can quickly ... Read More »
ATLANTA — Wholesale used-vehicle values increased in the fourth quarter by nearly 2% to finish the year slightly higher than last year, as consumer demand for used car and trucks remained strong, according to the Manheim Used Vehicle Value Index. Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and ... Read More »
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