Compared to one year ago, cars are maintaining value slightly better, but the truck segments continue to drop.
Read More →Black Book released a report on depreciation rates for the month of June, noting that compact cars lead the pack in terms of depreciation for the month.
Read More →Currently, there are very few model options available in the mid-size pickup truck category, ultimately driving strong wholesale prices.
Read More →Used cars overall depreciated -1 percent during May, a slight increase from -0.1 percent levels during April.
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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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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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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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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.
Read More →Black Book recently released a new analysis of vehicle depreciation rates, noting that April generally is the end of the spring buying season for used cars and that this was the case last month.
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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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