Tagged Beggs on the Market

Wholesale Market Improves Over October

With an overall average segment depreciation of -1.7 percent during November, the market appeared to be better than the October average segment change of -2.3 percent

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Full-Size Cars Show Wholesale Price Stability

From last week’s largest declines in the previous five weeks on the cars and for eight weeks on the trucks, the level of adjustment moved to a smaller decline in the most recent week-over-week comparison for both the cars and trucks.

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Gasoline Prices & Used-Vehicle Values Continue to Decline

Gasoline prices continue to drop, but fuel-efficient car segments start to see bigger price declines after several strong weeks.

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Wholesale Prices Continue to Decline

When looking at the car segment changes the highest percentage changes come from the opposite extremes of fuel-economy levels. The trucks average segment change decline has increased for the third consecutive week but not at the same level as the cars.

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Used Car and Truck Retention Improves

Last week, the market results struggled and after seeing the results of the most recent week of auction activity, we know it was the temporary end-of-the-month market.

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Memorial Day Positively Impacts Wholesale Market

Most prominently mentioned at recent auctions, according to Black Book, was how the Memorial Day holiday affected the wholesale market. At least word on the street was that retail activity was much better, which could lead to a more active wholesale market this coming week to fill many of those empty holes.

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Entry Level Car Segment Values Decrease

This past week, there was a continuing climb in gasoline prices, now totaling an increase of $0.08 per gallon over the past two weeks and narrowing the difference to only $0.11 under the price one year ago.

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Increase in 2013 Models Receiving Market-Driven Wholesale Values

The first thing that really stood out over the past week of auctions was the increase in the number of 2013 models that received their initial market driven wholesale values. Black Book editors added 26 different 2013 models with market-based values.

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Is the Spring Market Over?

Black Book’s Ricky Beggs, editorial director for the publication, presented his commentary for the week ending May 3. According to Beggs, several survey reports mentioned a lower level of excitement in the auction lanes, and another report described lane activity as “wait and see.”

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Continued Interest Seen in Used Trucks

The more prominently stable used-vehicle market was a result of the need to adjust fewer vehicles during the past week than any week of 2013.

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