Black Book announced a partnership with Auction Simplified that will make them the exclusive provider of vehicle valuation data.
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Used vehicles depreciated an average of 3.6% in the first quarter compared to 0.6% in 2015 in a signal of sharper depreciation, but values improved in March over January and February levels, according to Black Book.
Read More →Black Book has entered a collaborative partnership with DRIVIN to deliver real value to their extensive network of over 10,000 active dealerships, according to the firm.
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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Tax season momentum, particularly in the smaller car segments, has yet to pick up. According to data from "Black Book," a year-on-year comparison shows all the segments are down from the same time in 2015.
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Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
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Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.
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The full-size pickup segment experienced the least depreciation seen in the segment since September 2015 with 0.02 percent. Additionally, the medium-duty truck market held steady this past month.
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This week, a surprising segment opened 2016 with a price increase. Additionally, truck segments are losing momentum going into the new year,
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Trucks are facing heavier-than-normal depreciation trends while cars have also remained under noticeable price declines.
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