The appeal of nearly new models likely has been heightened since the average transaction price for a new vehicle in January came in at $49,388, which was $2,768 higher year-over-year according to data from Kelley Blue Book.
Well, Black Book noticed it’s also going to cost dealers more in the wholesale world to get 0-to-2-year-old cars since their values rose 0.41% last week. Analysts said that is the largest increase for this segment of vehicles since …
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Wholesale prices moved higher for the second week in a row, prompting Black Book to look deeper into its data and declare why the month has “started off fast.”
While just an uptick of 0.03%, Black Book acknowledged the string of positive market gains hasn’t happened since …
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Black Book didn’t officially declare arrival of the spring market, but analysts are quite intrigued about what’s going to happen at the auction during the next few days.
Black Book based its expectations after watching wholesale prices soften just 0.25% during the week that closed on Saturday, two days after Punxsutawney Phil predicted six more weeks of winter.
“The reduction in weekly depreciation that started …
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Perhaps some of the topsy-turvy used-car trends that commercial consignors have dealt with the past couple years have drawn to a close.
AutoIMS sorts that out in its Industry View report for the fourth quarter of 2022, while also emphasizing that “time is …
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Tuesday was the last day of January, but the experts at Black Book already are thinking about spring. They said that “early signs of a potential spring bump in the market are starting to emerge.”
With wholesale prices softening only 0.50%, Black Book pointed out in the newest installment of Market Insights that those spring signals also included …
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While Black Book shared its usual wholesale price trends, perhaps what intrigued analysts most during the second week of 2023 was the quick impact Tesla’s price decision involving new models left on the OEM’s used electric vehicles.
Black Book said in the newest installment of Market Insights released on Tuesday that “the big news will be what happens to used Tesla values after Tesla shocked us all with …
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Dealers definitely didn’t start 2023 by buying every vehicle that rolled over the auction block, according to Black Book’s newest installment Market Insights released on Tuesday.
In fact, Black Book said the estimated average weekly sales rate came in at 45% last week, as wholesale prices softened another …
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Tuesday’s installment of Black Book’s Market Insights focused on the stretch between Christmas Eve and New Year’s Eve when some consignors and dealers might have been with family and friends rather than the auction lanes, prompting experts to call that annual stretch of the calendar a “toss-up.”
Black Book explained its methodology after noting wholesale values fell another …
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Black Book reported on Tuesday that the estimated average weekly sales rate now has declined for seven weeks in row, sliding to 48% during the latest stretch that closed on Saturday.
The drop coupled with overall wholesale prices softening another 0.88% prompted analysts to say in the newest installment of Market Insights that “sales rates continue to be less than ideal with many buyers exercising …
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Some good news for dealers amid the holiday season: prices on wholesale vehicles continue to fall, and it's becoming slightly easier to get these cars on their lots than it was a year ago.
A least two industry indices measuring wholesale vehicle prices have reached their lowest levels in 15 months, respectively.
Black Book’s Used Vehicle Retention Index came in at …
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