While marking a personal milestone for his weekly wholesale commentary, Black Book’s Ricky Beggs slightly altered his attention to discuss not just the auction lanes, but the financing side of the used-vehicle business, as well.

Beggs put a question to a Black Book colleague, asking him to name the No. 1 concern lenders are facing nowadays.

“Competition is a big part of this. There are a lot of people trying to get into the market and be very competitive,” replied Jeff Bunch, Black Book’s vice president of lender solutions, in the latest online video episode of “Beggs on the Used Car Market.”

Bunch continued with, “Compliance is also a big issue and looking at the CFPB (Consumer Financial Protection Bureau). They’re very interested in how they need to adhere to that. But mainly it’s about growing their businesses and growing them in a smart, successful way.”

“The outlook is very positive and the attendance is very good,” Bunch went on to say. “A lot of the lenders are very excited about what’s going on in the market and what their potential is for the coming year.”

As Beggs completed five full years of producing online video analysis, he also touched on his Black Book work in advance of being a featured speaker during the 17th annual National Conference of the National Automotive Finance Association in Fort Worth, Texas.

“It has been a busy week for the editorial team as a couple of us had the opportunity to get behind the wheel of several new models, gathering insight that will assist us in both the new vehicle residual projections and eventually the valuations as used models,” Beggs said.

“It doesn’t end there, as Tim West and I had the opportunity to talk with many attendees about the Black Book CPI and Motorcycle guides at the Choo Choo Classic Auto Expo in Chattanooga, Tenn. Look for a few pictures next week,” Beggs went on to say.

As far as what happened in the lanes a week ago, Beggs described auction activity as the “temporary end-of-the-month market.”

He added: “There was improvement in retention for the cars and trucks. There was less mention of no sales in the reports. The average segment change was better for both the cars and the trucks.”

Even though all the car segments declined, Black Book noticed the overall change settled at a decline of just 0.24 percent. Prices within only three car segments softened more than 0.5 percent, a group that included entry midsize cars, upper midsize cars and entry level cars.

Editors pointed out one truck segment managed a price increase last week, as midsize pickup prices rose by $12, or 0.1 percent. But overall, truck prices were off by 0.27 percent last week.

Beggs mentioned just one truck segment generated a price decline of more than 0.5 percent a week ago. That distinction was posted by full-size SUVs, which had a 0.51 percent or $78 price decline.

“There are still bright spots in the market with 26 to 27 percent of the adjustments being increases over the past three weeks with the trucks having more positive changes every week since the week ending March 22,” Beggs said.

Beggs wrapped up his milestone commentary with one last point.

“Another first to report is the initial 2014 model with market-driven used values. If you are a mobile, Internet or data subscriber you now have access to these values,” he said.

“We hope to have you join us again next week when we start year No. 6 of these video market blogs. Have a great week and we hope to see you on the auction lanes somewhere this week,” Beggs went on to say.

Beggs’ video can be viewed below.

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