Overall used values were very strong in retention for the first half of 2012. Fleet remarketing teams continued to bring in better-than-predicted returns as they remarket out-of-service vehicles.
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GAINESVILLE, GA – According to the August 27 edition of Beggs on the Market, there has been slightly increasing used supplies in the wholesale market, which will lead to overall softening of used values because of the additional choices in the market.
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TORRANCE, CA - Automotive Fleet spoke with Black Book's Ricky Beggs about how gasoline prices affect resale values and how they're affecting prices in specific vehicle segments.
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GAINESVILLE, GA - It has been an interesting week in the used-vehicle market with a variety of views regarding the demand, or lack of it, for used inventory, as well as various comments about the increasing gas prices, now at $3.72 a gallon after another $0.07 increase this past week.
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GAINESVILLE, GA - According to several of the market summary reports from the Black Book survey personnel, the current heat wave is being blamed, or credited, with the continuing softer market values for the auto sector of the market.
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GAINESVILLE, GA - Even though auction activity increased week over week, there were some interesting changes within the market values for the week. The softening in values continues as only 11 percent of all adjustments were increases to the previously published value.
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TORRANCE, CA – Fleets are testing electric vehicles (EVs) to determine whether they have possible applications, but large-scale adoption has yet to occur.
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GAINESVILLE, GA - Black Book continues to see an increasing level of no auction sales overall. But, not every sale or every seller is seeing the same result.
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GAINESVILLE, GA The number of 'if sales,' where a seller just can’t pull the trigger as the high bid was close to the floor, but not close enough for an instant selling decision, declined. The decline in 'if sales' actually slid over to the on the spot 'no sales' category where the percentage went up.
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TORRANCE, CA - Automotive Fleet magazine spoke with Black Book's Ricky Beggs about the factors driving the seasonal change in resale values, including which segments are holding strong and which are losing value.
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