A look back over the past decade may shed some light on what to expect from the recent fiscal crisis. Overall, Black Book anticipates a positive impact on values.
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Better-than-normal sales conversions are continuing into early March, according to Ricky Beggs, vice president and managing editor of "Black Book."
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Spurred by seasonal buying habits from shoppers leveraging anticipated tax returns, the used-car markets saw some price increases during February.
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As Black Book staff attended the auctions, talked with many dealers, and looked at the commentary from the Black Book survey personnel, there were three main topics of interest that kept coming up (in no particular order): a strong market, the current tax season, and the rapidly climbing gas prices.
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There continues to be much talk on the auction lanes regarding the “spring market” and this being “tax time," with several dealers saying anxious buyers are now coming in with checks in hand.
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January is now in the pages of history and the market results were slightly different from what was traditionally expected, according to Black Book.
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The numbers out of the used wholesale activity during the past week seem to have indicated hesitancy in the buyers to build retail inventory from the auction lanes.
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Now that most everyone has gotten back into a more businesslike routine after the holidays, the market in most of the Black Book survey personnel and auction reports was represented as steady and with prices flat.
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GAINESVILLE, GA - Black Book announced that Mike Williams has joined the company as its vice president of mobile solutions. In this role, he will be responsible for all of Black Book’s mobile products and services.
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GAINSEVILLE, GA - Even though the New Year holiday eliminated or moved some auctions to a different day and/or time this past week, most had low consignment and conversion percentages that were lower than the previous few weeks.
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