This week’s Black Book Market Insights report shows how the entire car and truck market showed broad declines this past week, with the exception of small pickups.
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This week’s Black Book Market Insights report offers up data that shows how car segment depreciation has consistently picked up since January.
Read More →May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
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In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.
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Smaller cars, including sub-compact cars and compact cars, are two of the three vehicle segments displaying the greatest single-month drop in value, according to the recent Black Book Market Insights report.
Read More →BMW Financial Services has made BMWGroupDirect.com accessible to independent and non-BMW franchise dealers. BMWGroupDirect allows any registered dealer online access to BMW Group’s national inventory of off-lease vehicles.
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Used vehicle values from the 2010 to 2014 model years fell 0.5% in May from April levels with cars showing a slightly higher depreciation rate than trucks, according to Black Book.
Read More →The average residual value of a three-year-old vehicle — the most commonly remarketed fleet vehicle — will fall 8% by 2019 as a result of an increase in the supply of used vehicles, according to a Black Book forecast.
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Exotic and high-end luxury cars that sell for more than $75,000 in some cases have been giving buyers significant bargains when they sell at auction, according to recent data from Black Book.
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Rising used vehicle depreciation pulled average April values into the red in a month that's typically the last strong month of the spring season, according to Black Book.
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