Tagged Ricky Beggs

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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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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Used Cars Resume Price Declines in May After Strong Spring

Five used-car segments have resumed price declines after a strong Spring buying season, which is typically strong when shoppers purchase used vehicles with tax rebate money.

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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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Interest Remains Up in Used-Vehicle Demand

There is still enough interest and used-vehicle demand that, for the past six weeks, at least 60 percent of the adjustments were increases.

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Solid Used-Vehicle Market Strength Continues

As the week progressed and comments arrived from the Black Book survey personnel, there were primarily three main descriptions of the auction activity and market: steady, good and strong.

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Gasoline Prices Fall, Used Trucks Continue to be of Interest

During the last week of March, gasoline prices continued to fall, but only $0.015 this past week, and no single used-vehicle segment seems to show highest overall demand.

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