Black Book has begun offering residual valuation data for a new group of compact SUVs entering the market as it expands coverage of one of the automotive industry's fastest growing segments.
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Used vehicles in the 2009-2013 model years fell 0.7 percent in value in March in a market bolstered by tax buying season and strong residual values of full-size vans, according to Black Book.
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Black Book announced the appointment of Chris du Toit to vice president, Product Management.
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The 2015 Conference of Automotive Remarketing, which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary in Las Vegas from March 18-19. Highlights included keynote addresses by Hall of Fame Buffalo Bills quarterback and cancer survivor Jim Kelly and Auction Broadcasting Co. Founder and CEO Mike Hockett Sr. Photos by Chris Wolski and Steve Reed.
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Black Book has announced the hire of Laird Popkin as its chief technology officer and senior vice president.
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Average used-vehicle prices for model-years 2009-2013 depreciated by an average of -1.2 percent during February, the same level as the previous month, with Compact SUVs leading the month with the strongest retention at +0.9 percent, and the only segment with positive change.
Read More →Black Book has named Christopher Gluth as account manager, national accounts, to its Activator Division.
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Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.
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Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
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Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.
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