Vehicle Remarketing

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Ricky Beggs

Entry Level Car Segment Values Decrease

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.

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Is the Spring Market Over?

Black Book’s Ricky Beggs, editorial director for the publication, presented his commentary for the week ending May 3. According to Beggs, several survey reports mentioned a lower level of excitement in the auction lanes, and another report described lane activity as “wait and see.”

Solid Used-Vehicle Market Strength Continues

As the week progressed and comments arrived from the Black Book survey personnel, there were primarily three main descriptions of the auction activity and market: steady, good and strong.

Used-Vehicle Market Stable

When demand is present, used-vehicle prices will generally increase or at least stay stable. Overall, the market is very stable with segment average changes week over week.

Beggs Promoted to Senior Vice President of Black Book

Black Book recently announced that Ricky Beggs has been promoted to the position of senior vice president, editorial director. Beggs will continue to oversee all of Black Book’s vehicle valuation data and media contacts.

Wholesale Market Auction Activity Increases

There was a tremendous amount of activity within the wholesale market this past week. When looking at the last few weeks, the numbers are pretty solid. While expecting solid retention, Black Book has also consistently said the level of retention would not be at those of 2012 and 2011.

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