Black Book's Posts - DealerELITE.net2024-03-28T12:49:15ZBlack Bookhttps://www.dealerelite.net/profile/BlackBookhttps://storage.ning.com/topology/rest/1.0/file/get/2535908379?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://www.dealerelite.net/profiles/blog/feed?user=1gtlg4ax8ns5d&xn_auth=noCar Segments Show High Depreciationtag:www.dealerelite.net,2019-06-25:5283893:BlogPost:6292272019-06-25T15:25:11.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8juxJA-eqChTX1HgifSgVtgMTrl-6aJpPM5E0yYxVK5pB4JRgfGQjJO1mdcjpPwPncskdtxH1cmo5FTL5EH5CaM5JNGTNIcFprCRZ6QN31OEjGreudbQcgQW2lvHPTTo1Yqq7romvQZl_Pc_-OVOaP7J9byTVGnXYstx9CknrlgunQ4f__A7wzOnk">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8juxJA-eqChTX1HgifSgVtgMTrl-6aJpPM5E0yYxVK5pB4JRgfGQjJO1mdcjpPwPncskdtxH1cmo5FTL5EH5CaM5JNGTNIcFprCRZ6QN31OEjGreudbQcgQW2lvHPTTo1Yqq7romvQZl_Pc_-OVOaP7J9byTVGnXYstx9CknrlgunQ4f__A7wzOnk">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the latest valuation trends from this past week, with nearly all car segments showing a significant decline in weekly values signaling summer seasonality. Conversely, trucks had three segments finish with an increase in value during the week.</p>
<p>“Depreciation in car segments has increased after the Spring season. Pickup trucks, which usually retain strength in the summer months, went up in values last week,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.44% last week. In comparison, the market values had decreased by 0.32% on average during the prior 4-week period.</li>
<li>In cars, the values of Sub-Compact Cars decreased the most.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.12% last week. In comparison, the market values were down by 0.10% on average during the prior 4-week period.</li>
<li>In trucks, the values of Sub-Compact Luxury Crossover decreased the most.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8juxJA-eqChTX1HgifSgVtgMTrl-6aJpPM5E0yYxVK5pB4JRgfGQjJO1mdcjpPwPncskdtxH1cmo5FTL5EH5CaM5JNGTNIcFprCRZ6QN31OEjGreudbQcgQW2lvHPTTo1Yqq7romvQZl_Pc_-OVOaP7J9byTVGnXYstx9CknrlgunQ4f__A7wzOnk">Click here to download the full report</a>.</p>BLACK BOOK AND AUTODATA SOLUTIONS PARTNER TO OFFER INTEGRATED AS-BUILT VALUATION SERVICEtag:www.dealerelite.net,2019-06-24:5283893:BlogPost:6282282019-06-24T14:47:07.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p style="text-align: center;"><em>New Service Automates VIN-Specific Decoding and Vehicle Options Adjustments</em></p>
<p>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today the integration of its vehicle valuation data with Autodata Solutions, powered by ChromeData, a leading provider of automotive technology solutions and data licensed to industry professionals. The two companies are now the first to…</p>
<p style="text-align: center;"><em>New Service Automates VIN-Specific Decoding and Vehicle Options Adjustments</em></p>
<p>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today the integration of its vehicle valuation data with Autodata Solutions, powered by ChromeData, a leading provider of automotive technology solutions and data licensed to industry professionals. The two companies are now the first to offer an automated As-Built Valuation Service for automotive industry professionals including lenders, dealers, insurance companies and auctions.</p>
<p>Black Book has partnered with Autodata Solutions to integrate an As-Built Valuation Service, a webservice harnessing ChromeData’s vehicle catalog data, OEM build data and any user-entered feature descriptions to describe used vehicles. Mapped to Black Book add/deducts, As-Built Valuation Service automatically returns a more thorough and precise vehicle value for any VIN compatible with the service.</p>
<p>“The integrated offering automates the process of VIN-specific decoding and adjustments on vehicle options, trims, and add/deducts,” said Jared Kalfus, executive vice president of revenue for Black Book. “The ability to automate this process saves significant time for the user, ensuring even greater accuracy during the valuation process.”</p>
<p>The service works either from a call with a single VIN or via batch processing for large volumes of vehicles. The VIN batch processing system is a fast and easy way to process all VINs with minimal effort. All that’s required is a single VIN. Users simply upload a list of VINs with equipment descriptions (when available), then download a single result file. As-Built Valuation Service helps vehicle lenders, auctions, fleet management companies, consumer trade-in websites, inventory appraisal applications, individual dealers, rental companies and used vehicle merchandisers to automatically calculate as-built vehicle valuations, as well as the most precise lease, finance portfolio, auction and used vehicle merchandising values.</p>
<p>ChromeData, an Autodata Solutions brand best known for providing the most accurate and complete vehicle and OEM build data, provides access to over 30 years of data and high-quality VIN and new car, light truck and motorcycle information.</p>
<p>“The integration of Black Book and Autodata Solutions represents a game-changing opportunity for the industry,” said Craig Jennings, president of Autodata Solutions. “Industry professionals have had access to this data manually, but with the automation now possible through our integration, we expect to see significant benefits to valuation and profit potential.”</p>
<p>When processing a representative portfolio sample of 180K vehicles with As-Built Valuation Service and its utilization of OEM Build Data, ranging from multiple brands and model years, results show an adjustment of $36.4MM to the portfolio. Some examples of specific valuation adjustments in the portfolio are as follows:</p>
<ul>
<li>All Chevrolet Models: $11.12MM Net Value Adjustment, $436.24 Average Net Value Adjustment per Chevrolet vehicle.</li>
</ul>
<ul>
<li>All Infiniti Models: $1.2MM Net Value Adjustment, $709.58 Average Net Value Adjustment per Infiniti vehicle.</li>
</ul>
<ul>
<li>All Jeep Models: $5.88MM Net Value Adjustment, $620.91 Average Net Value Adjustment per Jeep vehicle.</li>
</ul>
<ul>
<li>All Ram Models: $5.45MM Net Value Adjustment, $1,053.36 Average Net Value Adjustment per Ram vehicle.</li>
</ul>
<p></p>
<p><strong>About Autodata Solutions</strong></p>
<p>Autodata Solutions is the industry-leading provider of vehicle data and content, technology and inventory merchandising solutions that power the digital automotive ecosystem. Transforming complex data into marketing and sales solutions, Autodata Solutions’ technologies enable industry partners to optimally support and promote the sale of vehicles, parts and services. For three decades, Autodata Solutions has been a trusted and proven partner to the automotive industry — providing a broad suite of solutions for OEMs, dealerships, online portals, finance/insurance companies and fleet management organizations. For more information about Autodata Solutions and its brands visit <a href="http://www.Autodatasolutions.com">www.Autodatasolutions.com</a>.</p>
<p> </p>
<p><strong>About Black Book</strong></p>
<p>Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of HEARST, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://email.meritmile.com/c/eJxdzEEOgyAQAMDX6JHswgJy4FCN_oOyNFpRGkri99v02GTOwz5peKR-8xLQgZGEpAYAgWJGhUpPhMtME0ndERypbu3YchKxHP3qw4Apsg2srJGGyWqEYJwDVizvxvXZr629OnXr5PJ1XZcYc4j7WMr-O6p_vluqZ8j__Qe2ZS2-">BlackBook.com</a> or call 855-371-7532.</p>Mainstream Pickup Values and SUVs Stabletag:www.dealerelite.net,2019-06-18:5283893:BlogPost:6225582019-06-18T15:13:30.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOwiAURE9TdpL_oVBYsKiN3qNFarFQDJD0-uLOmMxi8pI38zBOwOqINwxQg0SFAgEVRXpTEuQwgph6Nl01dD1El32NPjhqUySb4cxytyJoOzRVgG6-XCWwXnKGCkgwW63v0vGxY_eW8zzpEma7Lynt35HG_FH8c6ul1Tjn3dXLDyHZvEp1-ZjD__8H9kE4qA">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOwiAURE9TdpL_oVBYsKiN3qNFarFQDJD0-uLOmMxi8pI38zBOwOqINwxQg0SFAgEVRXpTEuQwgph6Nl01dD1El32NPjhqUySb4cxytyJoOzRVgG6-XCWwXnKGCkgwW63v0vGxY_eW8zzpEma7Lynt35HG_FH8c6ul1Tjn3dXLDyHZvEp1-ZjD__8H9kE4qA">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the latest valuation trends from this past week, with a handful of truck and SUV segments nearly unchanged from the previous week holding their retention steady. The report also includes the latest Black Book Vehicle Retention Index with the latest trends across all segments.</p>
<p>“Car segments are in a steady depreciation pattern, in line with seasonality. SUVs and pickups (except for luxury) show strong retention,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.46% last week. In comparison, the market values had decreased by 0.22% on average during the prior 4-week period.</li>
<li>In cars, the values of Sub-Compact Cars decreased the most.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.16% last week. In comparison, the market values were down by 0.07% on average during the prior 4-week period.</li>
<li>In trucks, the values of Sub-Compact Luxury Crossover decreased the most.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjUEOwiAURE9TdpL_oVBYsKiN3qNFarFQDJD0-uLOmMxi8pI38zBOwOqINwxQg0SFAgEVRXpTEuQwgph6Nl01dD1El32NPjhqUySb4cxytyJoOzRVgG6-XCWwXnKGCkgwW63v0vGxY_eW8zzpEma7Lynt35HG_FH8c6ul1Tjn3dXLDyHZvEp1-ZjD__8H9kE4qA">Click here to download the full report</a>.</p>BLACK BOOK PARTNERS WITH DRIVABLY TO BRING MORE PROFITABILITY INTO DEALER ONLINE INVENTORY ACQUISITIONtag:www.dealerelite.net,2019-06-10:5283893:BlogPost:6144552019-06-10T13:49:26.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Sophisticated Machine-Learning and Industry-Leading Data and Analytics Combine to Recommend Inventory Acquisition Opportunities to Dealers</span></em></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, today announced it has partnered with…</span></p>
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Sophisticated Machine-Learning and Industry-Leading Data and Analytics Combine to Recommend Inventory Acquisition Opportunities to Dealers</span></em></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, today announced it has partnered with Drivably, a leading inventory procurement platform for dealers leveraging artificial intelligence-driven solutions.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book’s automotive intelligence and vehicle valuation data are powering Drivably’s dealer inventory acquisition ecosystem. Drivably’s offering helps dealers seamlessly find the right inventory opportunities by making recommendations based on a variety of criteria including a dealer’s unique preferences, historical dealership performance data, individual market, and valuation data.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Dealers spend an extraordinary amount of time attempting to find the best inventory for their dealerships by appraising, analyzing, and bidding on the cars they think make the most sense for their dealership. Drivably automates the buying process so dealers can not only save time, but also acquire the best inventory for their lots. Through Drivably’s platform, dealers can make more money from the cars they buy and dedicate time to more critical business-related activities.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“Valuation precision is key in inventory acquisition to maximize margin at the retail sale,” said Jared Kalfus, Black Book’s Executive Vice President, Revenue. “Black Book’s data analytics and insights will power the recommendation model that results in the Drivably score, increasing profit potential for each dealer on the Drivably platform.”</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Drivably’s model leverages various Black Book data including History Adjusted Valuations and retail market insights, in addition to a dealer’s unique preferences.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“Simply analyzing the local market is not good enough,” said Tyler Hall, CEO of Drivably. “There is other data that is critically important in recommending the right inventory to dealers. As online inventory acquisition becomes more mainstream, it will become increasingly more important to leverage the right data to make the right decisions. With Drivably and Black Book, dealers can trust that our platform’s recommendations are accurate.”</span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">About Black Book</span></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a Hearst company, and maintains offices in Georgia as well as the Canadian Black Book in Toronto. For more information, please visit <u><a href="http://email.meritmile.com/c/eJxdzEEOgyAQAMDXyJHsCi5y4NBI_YfKEq1QGkri99v02GTOExwPEFkcrge0QAioNA0kUU53QPRmnrxHUkidhsz1aPlILLeSxe42iiPYYMYYSSseAWJY2VpDhqxWQSS3t_bq1K3r56_ruuSalu1cSzl_R3WPd-P6XNJ__wHazS5G">BlackBook.com</a></u> or call 800.554.1026.</span></p>BLACK BOOK USED VEHICLE RETENTION INDEX SHOWS STRENGTH FROM LAST OF THE 2019 SPRING SEASONtag:www.dealerelite.net,2019-06-07:5283893:BlogPost:6115742019-06-07T13:22:51.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p align="center"><em><span>Index Should Begin To Feel Downward Pressures For Remainder of Year From Falling Demand</span></em></p>
<p><span>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for May (114.4), a 0.7% change from April (113.6). The increase marked the first monthly rise dating back to October.…</span></p>
<p align="center"><em><span>Index Should Begin To Feel Downward Pressures For Remainder of Year From Falling Demand</span></em></p>
<p><span>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for May (114.4), a 0.7% change from April (113.6). The increase marked the first monthly rise dating back to October. <a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkZtkXQThwMGk9T0Al0jFn1gS-_jVHpvMZb7DzGhJQiSWLEJjQEHXCJBS84YPCrQR-BBd_1TY6qqFhY5UlpSJh21hk9UOQUtSvvPGGQUSTPQtBeMBI0hk2U6l7JXoKxyunOfJfXZh9ts23xuX_Xp9Q53WkT4XscO-3oWO1eX_0y_xdDVZ">Click here to obtain a copy of the latest index data</a>.</span></p>
<p><span>With a strong finish to the spring market visible in May, many car segments saw their index position strengthen, while a handful of luxury segments declined. Sub-Compact Cars saw the strongest month at an increase of 0.85%, followed by Sporty Cars (0.72%), Mid-Size Cars (0.65%), and Full-Size Cars (0.61%).</span></p>
<p><span>The Luxury Car segment declined -0.94% during May, followed by Prestige Luxury Cars at -0.66%.</span></p>
<p><span>Trucks, SUVs and Crossover segments remained largely unchanged during May, but are expected to see retention remain firm as demand shifts away from cars following the spring tax season.</span></p>
<p><span>“We don’t expect the strong spring season to influence the trend in the coming months. The overall depreciation to fall further in 2019 compared with last year,” said Anil Goyal, Executive Vice President, Operations. “However, all bets are off if tariff threats become reality, significantly impacting the auto industry.”</span></p>
<p><span>The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.</span></p>
<p><span>The Index dates to January 2005, where Black Book published a benchmark index value of 100.0 for the market. During 2008, the index dropped by 14.1% while during 2016, the index fell by just 6.4%. During 2011, the index rose strongly from 113.3 to 123.0 by the end of the year as the economy picked up steam and used vehicle values rose higher. It continued to remain relatively stable, rising slightly until May of 2014 when it hit a peak of 128.1.</span></p>
<p><span>To obtain a copy of the latest Black Book Wholesale Value Index, <a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkZtkXQThwMGk9T0Al0jFn1gS-_jVHpvMZb7DzGhJQiSWLEJjQEHXCJBS84YPCrQR-BBd_1TY6qqFhY5UlpSJh21hk9UOQUtSvvPGGQUSTPQtBeMBI0hk2U6l7JXoKxyunOfJfXZh9ts23xuX_Xp9Q53WkT4XscO-3oWO1eX_0y_xdDVZ">please click here</a>. </span></p>
<p><strong><span>About Black Book</span></strong></p>
<p><span>Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://email.meritmile.com/c/eJxdzEsOgyAQANDT4JIMw89ZsNC03oMCRitIY0m4fpsum7z1iy5pWNOwOwRBYMAKCVqPXPDFwEgSb9JOd4NqZApKuvZW9px4qGXY3EoPCikoChEMkfJeRx8xKEkKMdohu621F5MTw-Wr987n7MMx13r8jss93y1dp8___Qfq1S5f">BlackBook.com</a> or call 800.554.1026.</span></p>Mainstream Cars, Crossovers, and Pickups Retain Strengthtag:www.dealerelite.net,2019-05-29:5283893:BlogPost:6034402019-05-29T14:02:53.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjcsOgyAUBb9GdiVweSgLFsba_7giVipoAyT-fu2uaTKLk1mcma1XbPEkWGDcMAWGC8mAU07HTnc9DMDuPSgYxkay5HOoKURP3ZHIajs9zYt0kkmDi0aJMxoQAn2rJG-1I9Gutb5LI_oGHhfnedIpotum49i-J5cLewnPtZZrJsybr7cfQ7J9lerzjvG__wGpLjpI">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjcsOgyAUBb9GdiVweSgLFsba_7giVipoAyT-fu2uaTKLk1mcma1XbPEkWGDcMAWGC8mAU07HTnc9DMDuPSgYxkay5HOoKURP3ZHIajs9zYt0kkmDi0aJMxoQAn2rJG-1I9Gutb5LI_oGHhfnedIpotum49i-J5cLewnPtZZrJsybr7cfQ7J9lerzjvG__wGpLjpI">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at price trends that show mainstream vehicles maintaining decent retention even though the spring strength has disappeared. In fact, the recent trend highlights that all luxury vehicle segments declined in value, whereas all mainstream vehicles show increased demand reflecting higher values over the last month.</p>
<p>“The spring market uptrend is over but prices remain stable. The late-model and lower-priced vehicles have the strongest demand,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values decreased by just 0.17% last week. In comparison, the market values had increased by 0.02% on average during the prior 4-week period.</li>
<li>In cars, the values of highline vehicles i.e., Luxury Cars, Prestige Luxury Cars, and Premium Sporty Cars decreased the most.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.01% last week. In comparison, the market values were up by 0.04% on average during the prior 4-week period.</li>
<li>In trucks, the values of Full-Size Pickups increased the most, by 0.19%.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjcsOgyAUBb9GdiVweSgLFsba_7giVipoAyT-fu2uaTKLk1mcma1XbPEkWGDcMAWGC8mAU07HTnc9DMDuPSgYxkay5HOoKURP3ZHIajs9zYt0kkmDi0aJMxoQAn2rJG-1I9Gutb5LI_oGHhfnedIpotum49i-J5cLewnPtZZrJsybr7cfQ7J9lerzjvG__wGpLjpI">Click here to download the full report</a>.</p>Stable Market Except for Luxury Vehiclestag:www.dealerelite.net,2019-05-21:5283893:BlogPost:5970462019-05-21T16:09:56.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5L_ERAWLEwa7yH6W6mgDZB4_dJd02QWb95iZnWk4EEsOAFoQQlEJQ32HLmZtLi31sM4gLGyk5Aoh5pCJL6ciW3OWgTptQDAQWpNMID1K2hDK1nQikW31fouXT92Ymq5rov7OC-7P8_9O9JcOEp4brU0THPeqd5-DMvuVSrlY47__x8HiTj4">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5L_ERAWLEwa7yH6W6mgDZB4_dJd02QWb95iZnWk4EEsOAFoQQlEJQ32HLmZtLi31sM4gLGyk5Aoh5pCJL6ciW3OWgTptQDAQWpNMID1K2hDK1nQikW31fouXT92Ymq5rov7OC-7P8_9O9JcOEp4brU0THPeqd5-DMvuVSrlY47__x8HiTj4">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at a spring market that has been persistent through the middle of May. The report also looks at the retention trends of three-years post model year</p>
<p>luxury cars. The retention rates (as percent of typically-equipped MSRP) on Luxury Cars have continued to decline over the last few years. An average 2016 MY luxury car is valued today at only about 40% of its original MSRP.</p>
<p>Prices remained stable for a second consecutive week retaining the spring season strength while luxury vehicles dropped further,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values decreased by just 0.05% last week. In comparison, the market values had increased by 0.09% on average during the prior 4-week period.</li>
<li>In cars, the values of Luxury Cars decreased the most, by 0.78%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.02% last week. In comparison, the market values were up by 0.09% on average during the prior 4-week period.</li>
<li>In trucks, the values of Full-Size Luxury Crossover/SUVs decreased the most, by 0.59%.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5L_ERAWLEwa7yH6W6mgDZB4_dJd02QWb95iZnWk4EEsOAFoQQlEJQ32HLmZtLi31sM4gLGyk5Aoh5pCJL6ciW3OWgTptQDAQWpNMID1K2hDK1nQikW31fouXT92Ymq5rov7OC-7P8_9O9JcOEp4brU0THPeqd5-DMvuVSrlY47__x8HiTj4">Click here to download the full report</a>.</p>Luxury Segments Dropped and Pickups Values Increasedtag:www.dealerelite.net,2019-05-14:5283893:BlogPost:5912822019-05-14T17:05:07.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkVsJu_yoBw7atO-BdK1U0QZIfP3SW9NkDpPvMPOwpMVMLFgU0AsNClqB2HLg2EE_wE2O4jqCNqZRIlIKJYaNuD8iW2w3aXAKDRoxA81GelLQKSAvUVRlm11KeedGDg3ea87z5NPm_Dodx_odqRb2HJ5LybVGl1Yqlx9hyb5yobS77f__AzzROVs">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkVsJu_yoBw7atO-BdK1U0QZIfP3SW9NkDpPvMPOwpMVMLFgU0AsNClqB2HLg2EE_wE2O4jqCNqZRIlIKJYaNuD8iW2w3aXAKDRoxA81GelLQKSAvUVRlm11KeedGDg3ea87z5NPm_Dodx_odqRb2HJ5LybVGl1Yqlx9hyb5yobS77f__AzzROVs">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the persistence of the spring market, where cars again outperformed trucks on retention this past week. The report also spotlights the latest trends from the Black Book Retention Index, where the Index has now declined for five straight months from the highs achieved last year. Small sedans continue to be strong in the used market.</p>
<p>“Prices barely moved last week as the consignors held on to the floors. The demand for used vehicles continues to be strong,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.08% last week. In comparison, the market values had increased by 0.18% on average during the prior 4-week period.</li>
<li>In cars, the values of Luxury Cars and Prestige Luxury Cars decreased the most, by 0.41% and 0.49%, respectively.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.09% last week. In comparison, the market values were up by 0.11% on average during the prior 4-week period.</li>
<li>In trucks, the values of Small Pickups and Full-Size Pickups increased the most, by 0.55% and 0.32%, respectively.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkVsJu_yoBw7atO-BdK1U0QZIfP3SW9NkDpPvMPOwpMVMLFgU0AsNClqB2HLg2EE_wE2O4jqCNqZRIlIKJYaNuD8iW2w3aXAKDRoxA81GelLQKSAvUVRlm11KeedGDg3ea87z5NPm_Dodx_odqRb2HJ5LybVGl1Yqlx9hyb5yobS77f__AzzROVs">Click here to download the full report</a>.</p>Spring Market’s in Seventh Weektag:www.dealerelite.net,2019-05-07:5283893:BlogPost:5851512019-05-07T13:50:52.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>This week’s Market Insights Report looks at the spring market, with data showing it extending into a seventh week. The report also offers a glimpse into the latest Specialty Markets, and a spotlight on the three-year retention trends of Compact Vans, which have shown really strong performance this year. Model Year 2016 values are currently at 49% of MSRP, the strongest three-year retention seen in four years.</p>
<p>“Markets registered a slight uptick last week, even after car prices have…</p>
<p>This week’s Market Insights Report looks at the spring market, with data showing it extending into a seventh week. The report also offers a glimpse into the latest Specialty Markets, and a spotlight on the three-year retention trends of Compact Vans, which have shown really strong performance this year. Model Year 2016 values are currently at 49% of MSRP, the strongest three-year retention seen in four years.</p>
<p>“Markets registered a slight uptick last week, even after car prices have been up for seven consecutive weeks,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.08% last week. In comparison, the market values increased by 0.22% on average during the prior 4-week period.</li>
<li>In car segments, Compact Cars showed the most lift in values while Prestige Luxury Cars showed the highest decline.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by just 0.05% last week. In comparison, the market values increased by 0.10% on average during the prior 4-week period.</li>
<li>In truck segments, Compact Vans showed the most lift in values while Full-Size Luxury SUVs showed the highest decline.</li>
</ul>
<p> </p>
<p><strong>Specialty Markets Update</strong></p>
<p><strong>Collectibles:</strong> So far, 2019 has been a great year for collectible vehicle auctions. It seems that every week we hear about another record setting performance. We’re seeing a significant surge in the interest in later model or nearly new exotics, especially if they are “as new” with little or no miles.</p>
<p><strong>Recreation Vehicles:</strong> Spring has officially arrived, and many dealers have been reporting increased activity on their lots. Auction volume was up slightly over last month, with wholesale prices increasing as well.</p>
<p><strong>Powersports:</strong> The Powersports market sees steady gains for May as we enter the height of the spring selling season. Most segments are up, but by smaller amounts than last month, with entry-level, mid-size, and sport bikes seeing the greatest demand.</p>
<p><strong>Heavy Duty:</strong> Whether the need for late model used over the road and regional units is becoming satisfied or not, the miles they are showing on their ECM alone is really affecting their value.</p>
<p><strong>Medium Duty:</strong> Used truck prices continue to fall as an increase in new and used inventory continues to add downward pressure on the overall market.</p>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjTkOwyAUBU9juiC2D3ZBESn2PTBLTAx2BEhcP04XRZriaYo3TnsgwaOoGaETAaIoF0pITLEaZzYrzkAtI3vIZRAk-xJbjslje2a0aWsgcKMmKQIFCU5JPoIFQ4MkjjqBkt5ae9eB3we2XPTe8ZqM3dfz3L8nl4tHjc-t1WtmU3bfbj8GFf2qzZfDpP_-B4NhOfI">Click here to download the full report</a>.</p>BLACK BOOK USED VEHICLE RETENTION INDEX DECLINES FOR 5TH STRAIGHT MONTHtag:www.dealerelite.net,2019-05-06:5283893:BlogPost:5840872019-05-06T13:45:44.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p style="text-align: center;"><em>Despite Recent Decline, Index Is Still Higher Than Its Level A Year Ago</em></p>
<p>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for April (113.6), a -0.2% change from March (113.8). Despite the Index now falling for five straight months it is still 1.4% higher than a year ago (112.0).…</p>
<p style="text-align: center;"><em>Despite Recent Decline, Index Is Still Higher Than Its Level A Year Ago</em></p>
<p>Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for April (113.6), a -0.2% change from March (113.8). Despite the Index now falling for five straight months it is still 1.4% higher than a year ago (112.0). <span><a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkZtkYVeRA4ea6HvIj5GK2lgS-vjVHpvMZb7DjDehgTmwaCQIDQ20AklKxQXvB9TYk0Qax0FprAi2cMa8xRS4Oza2GGpn70D41s6krHRWdoIQFJHSneomlsyS86vCRyXHK6UUbtPkVnsc671x2a_XN9Rx9-FzETvN853DuU_p__QL9ns1Rw">Click here to obtain a copy of the latest index data</a></span>.</p>
<p>A total of fourteen segments finished the month in positive change territory, led by Premium Sporty Cars at a 1.4% change, followed by Full-Size Vans at 1.2%. Following are the remaining segments that saw positive change during April:</p>
<ul>
<li>Compact Crossovers 1.1%</li>
<li>Sporty Car 0.8%</li>
<li>Compact Cars 0.7%</li>
<li>Sub-Compact Car 0.6%</li>
<li>Full-Size Pickups 0.5%</li>
<li>Minivan 0.5%</li>
<li>Full-Size Crossover/SUV 0.4%</li>
<li>Full-Size Luxury CUV/SUV 0.4%</li>
<li>Mid-Size Car 0.3%</li>
<li>Mid-Size Crossover/SUV 0.3%</li>
<li>Small Pickup 0.3%</li>
<li>Full-Size Car 0.1%</li>
</ul>
<p>The Index has reflected a late start to the spring selling season, dropping each month since November. SUV’s and Luxury vehicles showed the largest declines in March, with Minivans, Compact to Mid-Size Cars and Small Pickups having modest gains. Market share changes reflect a continued shift away from cars and toward more SUV’s and Pickups.</p>
<p>“That the Index has declined for five straight months and it is still slightly higher than where it was a year ago is a testament to the sheer strength in the market we saw throughout 2018,” said Anil Goyal, Executive Vice President, Operations. “Much of the 2018 activity was spurred by economic strength, resulting in significant demand for affordable used sedan values. It will be difficult to replicate that activity over the remainder of 2019.”</p>
<p>The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.</p>
<p>The Index dates to January 2005, where Black Book published a benchmark index value of 100.0 for the market. During 2008, the index dropped by 14.1% while during 2016, the index fell by just 6.4%. During 2011, the index rose strongly from 113.3 to 123.0 by the end of the year as the economy picked up steam and used vehicle values rose higher. It continued to remain relatively stable, rising slightly until May of 2014 when it hit a peak of 128.1.</p>
<p>To obtain a copy of the latest Black Book Wholesale Value Index, <span><a href="http://email.meritmile.com/c/eJxdzc0OgyAQBOCnkZtkYVeRA4ea6HvIj5GK2lgS-vjVHpvMZb7DjDehgTmwaCQIDQ20AklKxQXvB9TYk0Qax0FprAi2cMa8xRS4Oza2GGpn70D41s6krHRWdoIQFJHSneomlsyS86vCRyXHK6UUbtPkVnsc671x2a_XN9Rx9-FzETvN853DuU_p__QL9ns1Rw">please click here</a></span>. </p>
<p><strong>About Black Book</strong></p>
<p>Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <span><a href="http://email.meritmile.com/c/eJxdzEsOgyAQANDTyJIMMyPKgkVJ9B78jFYsxpJ4_TZdNnnrl2zuYcliswjKQA9aESMOUkk3kSHHSDzP02CoYzjytbVjK1nGeojVJq2DGUcOnmPCUSUfw5A9RloQNLAodm3t7OjR4fx137d0xcfd1br_jss-3y1fL1_--w_ski5l">BlackBook.com</a></span> or call 800.554.1026.</p>BLACK BOOK VIN DECODE VALUATION DATA NOW INCLUDES BUILD DATA FROM GENERAL MOTORStag:www.dealerelite.net,2019-05-02:5283893:BlogPost:5810012019-05-02T16:02:35.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p style="text-align: center;"><em>Leverages Black Book’s Most Precise Valuation Resources for Automotive Professionals </em></p>
<p></p>
<p>Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, announced today it has integrated General Motors’ Build Data into the company’s VIN Decode and valuations data, resulting in even higher precision of valuations of General Motors vehicles. Build Data is “as built” content in a vehicle,…</p>
<p style="text-align: center;"><em>Leverages Black Book’s Most Precise Valuation Resources for Automotive Professionals </em></p>
<p></p>
<p>Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, announced today it has integrated General Motors’ Build Data into the company’s VIN Decode and valuations data, resulting in even higher precision of valuations of General Motors vehicles. Build Data is “as built” content in a vehicle, including optional equipment specific to a unique 17-digit VIN.</p>
<p><br/> With the integration of General Motors’ Build Data, a 17-digit VIN now provides an additional level of precision, as any valuation is now automatically adjusted for the right adds and deducts. The automated process saves time for the users without having to manually select adds or deducts.<br/> <br/> “Black Book has been working to leverage innovative solutions to provide an even higher level of precision in the valuations used by industry professionals,” said Anil Goyal, Executive Vice President, Operations at Black Book. “With General Motors’ Build Data, users gain access to precise value of a vehicle by automatically accounting for optional equipment installed in the vehicle.” <br/> <br/> The new offering helps vehicle lenders, auctions, fleet management companies, consumer trade-in websites, inventory appraisal applications, dealers, rental companies and others to automatically include Build Data in General Motors’ vehicle valuations.<br/> <br/> Through continued Black Book innovations such as <a href="http://email.meritmile.com/c/eJxdjsEKhCAYhJ-mbn-YaW4HD0vQe5j9kmUZasW-_doeFwaG-WCGmSRyYrC0kpK6I5zQmjVdI6q6Ei3tejIwykUjOO8LRjYMNm3WYaX9Vs5SG61Z--JG1CPruBLaMGNGotvHmSidnFM6YtG8Czpk3fddjU7pdfR-fUYy-2V4AJz7hdZFmG1MPnxATcsZE05w4Wy1Q7iUOzGC8QHUmTwcwRuM0fpduZi3yiCXXAg5_t_9Ao5qTUQ">History-Adjusted Valuations</a> and <a href="http://email.meritmile.com/c/eJxdjssOgyAURL9GdxJeV2TBojHxPxCvhYrQCK2_X902mcXJnGQyi0GgK7bBcMo0BcqZFFoowojquR7pJDkooQDGRtIdj1D3EJG4vLfeIPYaVjco18MAnM625wOz3GmpJV1VG42v9V0a8Wj4dOU8TzJH67Y55-0eubqS46eGnMrFEdOCx02YvE0Ol-6LPriI3W6r8yE9L9ce5lUqHsnG_1M_cHFBVA">Enhanced Vehicle Matching</a> leveraging machine learning and big data, Black Book’s data science team has improved precision by incorporating vehicle history report data and matching 17-digit VINs to a single trim and any applicable add/deducts.<br/> <br/> <br/> <strong>About Black Book</strong><br/> Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a Hearst company, and maintains offices in Georgia as well as the Canadian Black Book in Toronto. For more information, please visit BlackBook.com or call 800.554.1026.</p>Market in the Tail End of the Spring Markettag:www.dealerelite.net,2019-04-30:5283893:BlogPost:5760662019-04-30T18:19:03.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjU0OgyAYBU8juxJ-PiosWNhW7wGClQLaAInXr901TWbxMos3TntBFo-CZoQqApxQwUEApngax5t6yAHuvRqudOqAZF9CyyF5PO8ZrdoaqZiXBoRVi2K0l8IBN2yWnIBxDiW9tvauHR86Np0cx4FtMnO0-x6_J6cLWw3PtdVzZlOib5cfg4p-1ebLZtJ__wOz1jpT">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjU0OgyAYBU8juxJ-PiosWNhW7wGClQLaAInXr901TWbxMos3TntBFo-CZoQqApxQwUEApngax5t6yAHuvRqudOqAZF9CyyF5PO8ZrdoaqZiXBoRVi2K0l8IBN2yWnIBxDiW9tvauHR86Np0cx4FtMnO0-x6_J6cLWw3PtdVzZlOib5cfg4p-1ebLZtJ__wOz1jpT">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report offers the latest trends, with data that suggests the spring market is beginning to lose some of its steam. The report also shines a spotlight on Mid-Size Luxury Crossover/SUVs, which show how affordability concerns have placed pressure on the segment’s retention rates recently.</p>
<p>“Spring market strength is starting to fade as positive adjustments to values slowed down last week. We are seeing more no-sales in auto auctions than in recent weeks,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.12% last week. In comparison, the market values had increased by 0.24% on average during the prior 4-week period.</li>
<li>In cars, the values of Luxury Cars decreased the most, dropping by -0.51%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.06% last week. In comparison, the market values were up by 0.07% on average during the prior 4-week period.</li>
<li>In trucks, luxury crossover/SUVs had the highest decreases.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjU0OgyAYBU8juxJ-PiosWNhW7wGClQLaAInXr901TWbxMos3TntBFo-CZoQqApxQwUEApngax5t6yAHuvRqudOqAZF9CyyF5PO8ZrdoaqZiXBoRVi2K0l8IBN2yWnIBxDiW9tvauHR86Np0cx4FtMnO0-x6_J6cLWw3PtdVzZlOib5cfg4p-1ebLZtJ__wOz1jpT">Click here to download the full report</a>.</p>Electrifying Classic Cars & Resto-Mods: Two Growing Trends in 2019tag:www.dealerelite.net,2019-04-29:5283893:BlogPost:5727762019-04-29T14:46:26.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p><strong>Electrifying Classic Cars</strong></p>
<p>When people think about electric cars, sleek, new models loaded with technology usually come to mind. No doubt, these vehicles are incredible feats of engineering. However, there are millions of cars already on the roads, especially classics, and collectors are increasingly converting them to electric.…</p>
<p></p>
<p><strong>Electrifying Classic Cars</strong></p>
<p>When people think about electric cars, sleek, new models loaded with technology usually come to mind. No doubt, these vehicles are incredible feats of engineering. However, there are millions of cars already on the roads, especially classics, and collectors are increasingly converting them to electric.</p>
<p><a href="http://email.meritmile.com/c/eJxd0EuPgjAQB_BPAzdJpeV14MBDVuPqqgRdvRAoVd4oba3up9_q3jaZTDL59zeTtHCJAc5ErVwdTB2AdGeKEAKGNtWgiXQDOrPA84wAeFBBoCNjxbqqJRoeOrV0M8OyMc4t3UJ2hs2pIzuwMMwNQozcwWrrloxdqQI9RY9k8bEtyJn0lGjXcRjO16Hq2WuZzO763wMFRlyB4RtOoJemQgjtOXDG8_fdVGQMlxMY3ScwvKFg489rkGwbRTcL6UKxiryLHLAcfAuy2_fanmEw4F13mq-CngkZjjLE0SPxY-YA1lg1bZfHFNQ12i789Eg3pT9-NMs4E3SSCFuKTgpAEW33l5gduMcFYLdkBm6n5QIaa_pFysV1zYbknler7VYK-hLoFPU-7jbImz988BPu_GOwj_NDij-j4dnyvenwhrfrgkpBpFBHt6aMjH3W_v_xX0GHh_U">Click here to see more.</a></p>
<p><strong>Resto-Mods</strong></p>
<p>According to Barrett-Jackson: The 2019 Barrett-Jackson Scottsdale Auction showed that Resto-Mods are super popular now. Defined as domestic and imported cars that retain their classic look, but have been restored (resto) and modified (mod) with modern-day bodywork, technology, engine, drivetrain and interiors, Resto-Mods have seen a meteoric rise in interest among buyers in recent years. There were more than 150 of these custom vehicles on the Scottsdale docket this year – a nearly 90 percent increase from just two years ago.</p>
<p>Here are a few notable cars auctioned off in Scottsdale:</p>
<ul>
<li>1966 FORD BRONCO CUSTOM SUV: $148,500.00</li>
<li>1966 CHEVROLET NOVA II SS CUSTOM COUPE: $286,000.00</li>
<li>1937 CHEVROLET MASTER DELUXE CUSTOM COUPE "CAVALLO ROSSA": $154,000.00</li>
<li>1955 CHEVROLET 210 CUSTOM SEDAN "X-BOX": $255,200.00</li>
<li>1934 CADILLAC CUSTOM CONVERTIBLE: $181,500.00</li>
</ul>
<p>Please let me know if you're interested in speaking with Eric Lawrence, director of specialty products at Black Book. Eric can offer commentary on these two trends and research valuations for many cars you may have questions on. Here is the most recent <a href="http://email.meritmile.com/c/eJxdkctygkAQRb8GdlLDPCQsWCAPg4oJMZrohkIYFGQAZwYxf58xWSVVfRddt8_tqu7CoQSUVK8cCEwbYGibGGNADNNAUwwJsgPPdYkHXKRhwCivJKsaauQd088OtCA0j0dq4mmBiCKtLCNWbpeYZAihQm-cs5S90JCrwVDVwJuClrQV1Oh515V9V7XyEaa8G_wd0FA4aMj_ASfITVNGJa_uxp_l6UZmJ5oOfdNlhUjjaEJCrGQ-ZBt9UWpwWqgYf4xD96SaXDUzC8nr5_opyEGXv7HDc-y1clQmV2Ye3rezjbSBvFi1aJb7FNQ1TqJZuhev5xmfX5abbBST7fikCKYIILBodqeN_BjcYQTyug3A9bCMEFmLF3qO-rXstrdjFSeJItQV_Ir3LPJXHrsHlrma35P4Nr6jnXlCtbdbsKCVw-JrLvdBHCmCKkLnTi0k5W3W_H_AN5fmjFM">Black Book Market Insights report</a> with highlights from the world of Collectibles.</p>Spring Market Strength in Fifth Weektag:www.dealerelite.net,2019-04-23:5283893:BlogPost:5615512019-04-23T14:37:32.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8ju5IPguKCRZvgPRA-lQraAInXr901TWbxMos3XqOEgCRqDmwCwXsmANhIGRUPIziTkptZjsZAJyBjiS3HhNQdmax6UKznA18EoJtkGDxHcEEFhcJb5QNJem3tXbv-3vH54jxPuiTrtuU4tu_J5eJe43Nt9ZrZlg3b7ceQol-1Ydlt-u9_AKi4OnU">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8ju5IPguKCRZvgPRA-lQraAInXr901TWbxMos3XqOEgCRqDmwCwXsmANhIGRUPIziTkptZjsZAJyBjiS3HhNQdmax6UKznA18EoJtkGDxHcEEFhcJb5QNJem3tXbv-3vH54jxPuiTrtuU4tu_J5eJe43Nt9ZrZlg3b7ceQol-1Ydlt-u9_AKi4OnU">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report shows the latest trends during the current spring market, where several car segments continue to show strong week-to-week retention. The report also includes the latest trends on incentives. Auto manufacturers have remained disciplined on incentive levels in recent months. This trend could change with rising new vehicle prices and slowing retail sales.</p>
<p>“Broad strength in the used vehicle market continues. Last week marked the fifth consecutive week for positive adjustments to values,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.24% last week. In comparison, the market values had increased by 0.27% on average during the prior 2-week period.</li>
<li>In cars, the values of Compact Cars increased the most, rising by +0.66%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.16% last week. In comparison, the market values were up by 0.09% on average during the prior 2-week period.</li>
<li>In trucks, Sub-Compact Crossovers and Compact Vans had the highest increases.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8ju5IPguKCRZvgPRA-lQraAInXr901TWbxMos3XqOEgCRqDmwCwXsmANhIGRUPIziTkptZjsZAJyBjiS3HhNQdmax6UKznA18EoJtkGDxHcEEFhcJb5QNJem3tXbv-3vH54jxPuiTrtuU4tu_J5eJe43Nt9ZrZlg3b7ceQol-1Ydlt-u9_AKi4OnU">Click here to download the full report</a>.</p>Broad Strength in the Market Except for Luxury Vehiclestag:www.dealerelite.net,2019-04-16:5283893:BlogPost:5554462019-04-16T16:23:57.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5oPCMiChU31HgrfSgVtgMTrl-6aZt5i8hYzzqCAFYk3DKiGjsoa4KKl7UPBRCcYRqnuUvOx6SBi8iX6gK09I9mMYlz2qLlDyzXrpRLgFqltv3bCqtWRYLZS3rnhQ8OmynVd7RJmuy_nuX9HqvNH9s-t5FrjnHYstx9DknnlgumYw___B4lTOhM">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5oPCMiChU31HgrfSgVtgMTrl-6aZt5i8hYzzqCAFYk3DKiGjsoa4KKl7UPBRCcYRqnuUvOx6SBi8iX6gK09I9mMYlz2qLlDyzXrpRLgFqltv3bCqtWRYLZS3rnhQ8OmynVd7RJmuy_nuX9HqvNH9s-t5FrjnHYstx9DknnlgumYw___B4lTOhM">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report shows how spring activity continues to roll on with four specific car segments and three truck segments. The report also includes data from the most recent Black Book Used Vehicle Retention Index, which registered at 113.8 for March, a 0.6% decline from February (114.5) but a 1.7% improvement from March 2018 (112.0).</p>
<p>“The spring market continued to show strength last week. However, it’s not expected to last long as sales percentages are starting to come down from their peak,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.29% last week. In comparison, the market values had increased by 0.09% on average during the prior 4-week period.</li>
<li>In cars, the values of Full-Size Cars increased the most, rising by +0.76%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.19% last week. In comparison, the market values had decreased by 0.16% on average during the prior 4-week period.</li>
<li>In trucks, Minivans, Mid-Size Crossover/SUVs and Small Pickups had the highest increases.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdjUEOgyAURE8ju5oPCMiChU31HgrfSgVtgMTrl-6aZt5i8hYzzqCAFYk3DKiGjsoa4KKl7UPBRCcYRqnuUvOx6SBi8iX6gK09I9mMYlz2qLlDyzXrpRLgFqltv3bCqtWRYLZS3rnhQ8OmynVd7RJmuy_nuX9HqvNH9s-t5FrjnHYstx9DknnlgumYw___B4lTOhM">Click here to download the full report</a>.</p>Black Book & Fitch Release 2019 Joint Vehicle Depreciation Reporttag:www.dealerelite.net,2019-04-11:5283893:BlogPost:5509822019-04-11T13:28:54.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, announced today its latest joint U.S. Vehicle Depreciation and Auto Asset Backed Securities (ABS) report with Fitch Ratings. Black Book forecasts an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from noticeably strong 12.4% depreciation rate in 2018. The latest jointly issued report can be downloaded by clicking…</p>
<p>Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, announced today its latest joint U.S. Vehicle Depreciation and Auto Asset Backed Securities (ABS) report with Fitch Ratings. Black Book forecasts an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from noticeably strong 12.4% depreciation rate in 2018. The latest jointly issued report can be downloaded by clicking here.</p>
<p> </p>
<p><strong>Among the Report Highlights:</strong></p>
<p> </p>
<ul>
<li>New light vehicle sales volume increased in 2018 to 17.3 million, from 17.1 million in 2017. It was the fourth-straight year where the auto industry saw 17+ million units sold.</li>
<li>Car segments constituted only 31% of the new sales volume compared to 47% in 2014.</li>
<li>SUVs and pickup trucks are driving more new sales, while competition is heating up in these segments as more auto manufacturers introduce new and redesigned products.</li>
<li>After several years of declining prices, mainstream sedan segments saw a bounce up from the lows in the used market. With lagging growth in real income levels, affordability remained front and center, driving demand higher for used cars.</li>
<li>Prime auto ABS asset performance slowed in 2018 coming off peak 2017 levels, but ABS loss rates remain comfortably within Fitch’s initial expectations.</li>
<li>Fitch expects stable ABS performance in 2019 driven by healthy macro conditions and auto industry fundamentals, despite the increase in depreciation rates and marginal move higher in ABS losses predicted.</li>
<li>Fitch’s Auto Loan and Lease ABS Rating Outlooks are Positive for 2019, consistent with 2018.</li>
</ul>
<p> </p>
<p> </p>
<p><strong>2018 Depreciation Trends</strong></p>
<p> </p>
<p>The demand for used vehicles peaked in 2018 due to a confluence of favorable factors: low interest rates, excellent credit availability with lower delinquencies, extremely high job growth, tax cuts enabling both consumers and commercial buyers to upgrade, increased marketing of off-lease vehicles, and disciplined</p>
<p>incentives on new vehicles with rising transaction prices.</p>
<p> </p>
<p><strong>A Look Ahead at 2019 Trends</strong></p>
<p> </p>
<p>Currently, Black Book’s base residual value models assume a GDP growth of 2.2%, and jobs growth at an average of 160,000 per month in 2019. Black Book and Fitch are projecting good demand, but not as strong as in 2018, which was unusually high, spurred by tax cuts. Weakness in home sales, and volatility in the stock market could pose additional headwinds for the auto market. With growing uncertainty, it is important to consider the impact of alternative economic scenarios. Black Book’s Scenario-Based Residuals, under Federal Reserve’s Severely Adverse economic stress test, show a substantial drop of between 12% to 24% in used vehicle values, depending on the vehicle segment.</p>
<p> </p>
<p>The Black Book Used Vehicle Retention Index increased by 2.1% from 113.1 in January 2018 to 115.4 in January 2019. The Index has not seen this level of increase since 2012. During the months of May through September, the Index showed a strong lift, which is unusual for that time of the year. After a strong performance in 2018, the Index is forecasted to decline in 2019 as vehicles register slightly larger depreciation.</p>
<p> </p>
<p>“While the economy is expected to continue to expand in 2019, overall demand for cars and trucks may normalize,” said Anil Goyal, Executive Vice President, Operations at Black Book. “In addition, we expect sustained high levels of supply of used vehicles in the market. As such, we are forecasting overall depreciation to rise in 2019.”</p>
<p> </p>
<p><strong>U.S. Auto ABS Outlook for 2019</strong></p>
<p> </p>
<p>While prime auto ABS asset performance peaked in 2017 and slowed marginally last year, Fitch expects 2019 to be another year of solid performance against a backdrop of supportive macro conditions and auto industry fundamentals. Auto loan and lease ABS Rating Outlooks are Positive for 2019, consistent with 2018, reflecting stable asset performance and transaction structural protections.</p>
<p> </p>
<p>Fitch expects prime auto loan ABS losses to remain within our expectations in 2019, even as they slowly rise closer to 2005–2006 levels. Loss frequency will pick up this year, but severity should be relatively stable on the back of healthy-to-stable wholesale vehicle prices, as indicated by Black Book. Deleveraging transactions and building credit enhancement (CE) will support rating upgrades in 2019.</p>
<p> </p>
<p>Subprime auto loan ABS remains more vulnerable to performance volatility given weaker borrower profiles and acute competition. Despite this, the three subprime auto loan ABS platforms (AmeriCredit Automobile Receivables Trust; Santander Drive Auto Receivables Trust; and World Omni Select Auto Trust) rated by Fitch are expected to produce loss levels within range of our expectations in 2019.</p>
<p> </p>
<p>However, the smaller, deeper subprime lenders’ ABS transactions, which are all not rated by Fitch, could be impacted and drive losses to record levels in 2019. Consolidation of these lenders could pick up in 2019, particularly if sales remain flat and there is limited opportunity for growth combined with intense competition, and executing ABS funding becomes more challenging” said Hylton Heard, Senior Director, Fitch Ratings. Further, servicing capacity and effectiveness will be a key focus if losses move higher in 2019, and will test systems and practices at these institutions.</p>
<p> </p>
<p>The Black Book-Fitch Vehicle Depreciation Report is available for download by <span><a href="https://www.blackbook.com/fitch-report-2019/">clicking here</a></span>.</p>
<p> </p>
<p><strong>About Fitch Ratings</strong></p>
<p> </p>
<p>Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. Fitch Ratings is part of Fitch Group, a global leader in financial information services. Fitch Group is owned by Hearst.</p>
<p> </p>
<p> </p>
<p><strong>About Black Book</strong></p>
<p>Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a Hearst company, and maintains offices in Georgia as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://www.BlackBook.com">BlackBook.com</a> or call 800.554.1026.</p>Mainstream Sedans Continue to be in Demand in the Used Markettag:www.dealerelite.net,2019-04-09:5283893:BlogPost:5495412019-04-09T15:39:20.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjcEOgyAQBb9GbiW7LKIcODSN_gciVipoAyT-fu2taTKHlzm8mY1vYfEsGAGoQYLGlkAqjpyE1jSQ7EeSA9KjkZB8DjWF6Lk7ElsNLagEKofQIwmhXacnqSR1bvZoJbBo1lrfpaF7I8aL8zz5FK3bpuPYvieXC3sJz7WWayabN19vP4Zl8yrV593G__4HIpc5Lg">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report…</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjcEOgyAQBb9GbiW7LKIcODSN_gciVipoAyT-fu2taTKHlzm8mY1vYfEsGAGoQYLGlkAqjpyE1jSQ7EeSA9KjkZB8DjWF6Lk7ElsNLagEKofQIwmhXacnqSR1bvZoJbBo1lrfpaF7I8aL8zz5FK3bpuPYvieXC3sJz7WWayabN19vP4Zl8yrV593G__4HIpc5Lg">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report shows the continuation of the spring market with individual segment depreciation trends across cars and trucks. The report also illustrates depreciation insights across the first quarter, where recent trends show higher depreciation on luxury vehicles.</p>
<p>“The spring market trend continues, with affordable used sedans rising the most in values. The crossovers are showing an uptrend as well, but not as strong as the sedans,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.25% last week. In comparison, the market values had decreased by 0.10% on average during the prior 4-week period.</li>
<li>In cars, the values of Sub-Compact Cars increased the most, rising by +0.74%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by only 0.01% last week. In comparison, the market values had decreased by 0.28% on average during the prior 4-week period.</li>
<li>In trucks, Compact Vans experienced the highest increase at +0.90%.</li>
</ul>
<p><strong> </strong></p>
<p><a href="http://email.meritmile.com/c/eJxdjcEOgyAQBb9GbiW7LKIcODSN_gciVipoAyT-fu2taTKHlzm8mY1vYfEsGAGoQYLGlkAqjpyE1jSQ7EeSA9KjkZB8DjWF6Lk7ElsNLagEKofQIwmhXacnqSR1bvZoJbBo1lrfpaF7I8aL8zz5FK3bpuPYvieXC3sJz7WWayabN19vP4Zl8yrV593G__4HIpc5Lg">Click here to download the full report</a>.</p>BLACK BOOK USED VEHICLE RETENTION INDEX SHOWS DECLINE IN MARCHtag:www.dealerelite.net,2019-04-09:5283893:BlogPost:5495072019-04-09T12:30:00.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p align="center" style="text-align: center;"><strong><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Index Continues To Lose Momentum But Expects Quick Jolt from April Spring Season</span></em></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for March (113.8), a -0.6%…</span></p>
<p align="center" style="text-align: center;"><strong><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Index Continues To Lose Momentum But Expects Quick Jolt from April Spring Season</span></em></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for March (113.8), a -0.6% change from February (114.5). The Index is 1.7% higher than where it was a year ago (112.0). <a href="http://email.meritmile.com/c/eJxdjUEOgyAQRU8jO8kwMFIXLJpY7yE6RCpqY0ns8YtdNvmb9xbvT44JAovoEFQLBlpQ1JKVSmqNumt6sv2tM48GKwMrHzGvMbEc91XMjoInMyIqbw0FRm8HHwpBQ8TIKJKbc35V-l5hX3aep_RpGBe_78vVKO7H9SXquE38KUoc7vnOfGxD-j_9AhwbNb0">Click here to obtain a copy of the latest index data</a>.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The Index has reflected a late start to the spring selling season, dropping each month since November. SUV’s and Luxury vehicles showed the largest declines in March, with Minivans, Compact to Mid-Size Cars and Small Pickups having modest gains. Market share changes reflect a continued shift away from cars and toward more SUV’s and Pickups.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“While the economy continues to expand, higher supply of used vehicles and affordability issues have continued to become headwinds for the industry,” said Anil Goyal, Executive Vice President, Operations. “The spring market is expected to provide a quick jolt to the market during April, but we expect the Index will feel the effects from slower retail demand of new vehicles that could lead to higher incentives.”</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The Index dates to January 2005, where Black Book published a benchmark index value of 100.0 for the market. During 2008, the index dropped by 14.1% while during 2016, the index fell by just 6.4%. During 2011, the index rose strongly from 113.3 to 123.0 by the end of the year as the economy picked up steam and used vehicle values rose higher. It continued to remain relatively stable, rising slightly until May of 2014 when it hit a peak of 128.1.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">To obtain a copy of the latest Black Book Wholesale Value Index, <a href="http://email.meritmile.com/c/eJxdjUEOgyAQRU8jO8kwMFIXLJpY7yE6RCpqY0ns8YtdNvmb9xbvT44JAovoEFQLBlpQ1JKVSmqNumt6sv2tM48GKwMrHzGvMbEc91XMjoInMyIqbw0FRm8HHwpBQ8TIKJKbc35V-l5hX3aep_RpGBe_78vVKO7H9SXquE38KUoc7vnOfGxD-j_9AhwbNb0">please click here</a>. </span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">About Black Book</span></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://email.meritmile.com/c/eJxdzEsOgyAQANDT4JLMDD9dsKix3oMKRCpKQ0m4fpsum7z18zYoiGFIlgAnkDABqkkZjlwIEotelVnHRd41MQlnqKmdKQe-lXPYrURlvHYjQUTw3ug4EsoHSINIysQh2721FxM3RutX753P2W3HXMrxO6p9vluol8v__QeSly1B">BlackBook.com</a> or call 800.554.1026.</span></p>Spring Market Officially Arrivestag:www.dealerelite.net,2019-04-02:5283893:BlogPost:5435722019-04-02T14:05:30.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8juxI-oMCChbZ6D9FvpYI2QOL1a3dNk1m8zOLNbLFmCxJvOQPDJOMguAKgQOu-NwOXj6Y1d9V1UEkWMfkSfUA6HZGs1jSNQgPOLE4x0Jo7oWslGBeLm5WWJNi1lHeuRFvx4eI8T-rCOG3uOLbvyeX8nv1zLfmacUwbltuPIcm-csG0j-G__wFV8TmG">Click here to…</a></span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8juxI-oMCChbZ6D9FvpYI2QOL1a3dNk1m8zOLNbLFmCxJvOQPDJOMguAKgQOu-NwOXj6Y1d9V1UEkWMfkSfUA6HZGs1jSNQgPOLE4x0Jo7oWslGBeLm5WWJNi1lHeuRFvx4eI8T-rCOG3uOLbvyeX8nv1zLfmacUwbltuPIcm-csG0j-G__wFV8TmG">Click here to download the full report</a>.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">This week’s Market Insights Report shows how car values saw an increase while truck values were down slightly. The report also shows how the spring market is late this year, as values continued to decline in January and February. It is, however, attempting to make a strong comeback from Week 11 this year. Lastly, the report also includes the latest specialty market trends.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“Auto auctions are seeing high sales conversion rates with active buyers. Spring market is in full swing, and affordable cars have the strongest demand. Sub-Compact Cars led the market last week with the highest lift in valuation,” said Anil Goyal, Executive Vice President, Operations for Black Book.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">• Volume-weighted, overall car segment values increased by 0.17% last week. In comparison, the market values decreased by 0.25% on average during the prior 4-week period.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">• Mainstream cars and Sporty Car segments showed a strong lift in values.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">• Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.07% last week. In comparison, the market values decreased by 0.36% on average during the prior 4-week period.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">• In truck segments, Minivans showed the most lift in values while luxury SUVs showed the most declines.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Specialty Market Updates</span></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Collectibles:</span></strong> <span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The collectible car world has gotten off to a very good start in 2019. The first two months of the year saw well over $500,000,000 in total sales, and the auctions held in association with the Amelia Island Concours d’Elegance added another $80,000,000.</span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Recreational Vehicles:</span></strong> <span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Now that spring is finally here, dealers are seeing an increase in floor traffic on their lots and strong interest at shows. We have noted an uptick in volume for the second month in a row at the wholesale auctions as dealers continue to fill out their inventories.</span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Powersports:</span></strong> <span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Entry-level, affordable, and mid-range units lead the way as the Powersports market enters spring. Warmer weather has brought most segments of the market significant increases in value, which is a welcome development as the retail selling season is upon us.</span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Heavy Duty:</span></strong> <span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">As more Over the Road Trucks dropped in wholesale value, a few others held their own while a couple actually went up.</span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Medium-Duty:</span></strong> <span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Auction prices continue a downward trend as demand slows and new and used inventory increases.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"><a href="http://email.meritmile.com/c/eJxdjUEOgyAUBU8juxI-oMCChbZ6D9FvpYI2QOL1a3dNk1m8zOLNbLFmCxJvOQPDJOMguAKgQOu-NwOXj6Y1d9V1UEkWMfkSfUA6HZGs1jSNQgPOLE4x0Jo7oWslGBeLm5WWJNi1lHeuRFvx4eI8T-rCOG3uOLbvyeX8nv1zLfmacUwbltuPIcm-csG0j-G__wFV8TmG">Click here to download the full report</a>.</span></p>Mainstream Sedans and Vans Show a Lift in Valuestag:www.dealerelite.net,2019-03-26:5283893:BlogPost:5368852019-03-26T13:56:03.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. …</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdkEuPgjAUhX8N7DQt5WEXLABFnYk4SoyPDaHQKgitliL676dkdpN7NyfnfCe5t_SpAxg1K98CEANkuRA5eqZwOoMxRhBCPAPQc1Bk2KClslJt1dBpIVrz5gOWzxgugVtQRpDnWbB0S-JSm-QWZpCYjX9T6tEZKDCsWG8vm5Iyyjs6fUgh2ENUXI1l2ntZfwEDxb2B5iM4QUGWkSYv7kSIe94rMWazinfV9aY6w3JLnYyGTRxctSi0CD2knqdktiiAKPbtZbWJuBq0KbX5jg-TlwNXnNXyyDev9JwGB7DD6BmTI4h-jrXtlF84zt9jd6uJJAg7eSPn5znZhWm-_nh2vQ-G6CpcYSfI_rwnXZp-osVyrQl96Ly71JRU5-dCxgnrQ35yXP4oZDKEy4IFkVjiZf-9xdnWGQmqCVP6daeo5Hnz_8e_UWWDDg">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report illustrates the strength of the spring market, where several mid-size cars and van segments showed a marked increase. The report also shows how values of used luxury cars have declined consistently over the last three years. On the other hand, the values of pickup trucks have gone up over the same time frame. Interestingly, the average three-year old full-size pickup is now as expensive as a three-year old luxury car.</p>
<p>“The spring market is here. Led by mid-size cars and minivans, the used vehicle market showed a seasonal lift last week,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values increased by 0.12% last week. In comparison, the market values had decreased by 0.38% on average during the prior 4-week period.</li>
<li>In cars, the values of Mid-Size Cars increased the most, rising by +0.52%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by only 0.19% last week. In comparison, the market values had decreased by 0.41% on average during the prior 4-week period.</li>
<li>In trucks, Minivans experienced the highest increase at +0.43%.</li>
</ul>
<p> </p>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdkEuPgjAUhX8N7DQt5WEXLABFnYk4SoyPDaHQKgitliL676dkdpN7NyfnfCe5t_SpAxg1K98CEANkuRA5eqZwOoMxRhBCPAPQc1Bk2KClslJt1dBpIVrz5gOWzxgugVtQRpDnWbB0S-JSm-QWZpCYjX9T6tEZKDCsWG8vm5Iyyjs6fUgh2ENUXI1l2ntZfwEDxb2B5iM4QUGWkSYv7kSIe94rMWazinfV9aY6w3JLnYyGTRxctSi0CD2knqdktiiAKPbtZbWJuBq0KbX5jg-TlwNXnNXyyDev9JwGB7DD6BmTI4h-jrXtlF84zt9jd6uJJAg7eSPn5znZhWm-_nh2vQ-G6CpcYSfI_rwnXZp-osVyrQl96Ly71JRU5-dCxgnrQ35yXP4oZDKEy4IFkVjiZf-9xdnWGQmqCVP6daeo5Hnz_8e_UWWDDg">Click here to download the full report</a>.</p>Which Car & Truck Segments Showing Price Strength Entering Spring?tag:www.dealerelite.net,2019-03-20:5283893:BlogPost:5308372019-03-20T13:44:57.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>New data from Black Book shows the price strength or weakness of certain cars and trucks as we enter spring. According to the data, Full-Size Crossover/SUVs, Full-Size Pickups, Small Pickups, and Full-Size Vans are retaining their values the strongest since February; while Sub-Compact Crossovers, Compact Luxury CUV/SUVs, Mid-Size Luxury CUV/SUVs, and Sub-Compact Luxury CUVs are seeing their prices decline the most.</p>
<p> </p>
<p>Most car segments, while not at the higher end of the…</p>
<p>New data from Black Book shows the price strength or weakness of certain cars and trucks as we enter spring. According to the data, Full-Size Crossover/SUVs, Full-Size Pickups, Small Pickups, and Full-Size Vans are retaining their values the strongest since February; while Sub-Compact Crossovers, Compact Luxury CUV/SUVs, Mid-Size Luxury CUV/SUVs, and Sub-Compact Luxury CUVs are seeing their prices decline the most.</p>
<p> </p>
<p>Most car segments, while not at the higher end of the spectrum on price strength, are closer to stronger price retention signaling that the spring market is close to arrival.</p>
<p> </p>
<p>See below for the data from Black Book.</p>
<p> </p>
<table width="0">
<tbody><tr><td width="85"><p>Mk/Mod</p>
</td>
<td width="169"><p> </p>
</td>
<td width="64"><p> </p>
</td>
<td width="65"><p>3/1/18</p>
</td>
<td width="65"><p>2/1/19</p>
</td>
<td width="64"><p> 1M Chg </p>
</td>
<td width="65"><p>3/1/19</p>
</td>
<td width="64"><p> 3M Chg </p>
</td>
<td width="65"><p> 12M Chg </p>
</td>
</tr>
<tr><td><p>Count</p>
</td>
<td><p>Category</p>
</td>
<td><p>Seg</p>
</td>
<td><p>$</p>
</td>
<td><p>$</p>
</td>
<td><p>%</p>
</td>
<td><p>$</p>
</td>
<td><p>%</p>
</td>
<td><p>%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>SUMMARY</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>1,580</p>
</td>
<td><p>All Vehicles</p>
</td>
<td><p> </p>
</td>
<td><p>16,160</p>
</td>
<td><p>14,261</p>
</td>
<td><p>-2.1%</p>
</td>
<td><p>13,962</p>
</td>
<td><p>-7.5%</p>
</td>
<td><p>-13.6%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>TYPES</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>857</p>
</td>
<td><p>Car</p>
</td>
<td><p> </p>
</td>
<td><p>12490</p>
</td>
<td><p>11007</p>
</td>
<td><p>-2.2%</p>
</td>
<td><p>10769</p>
</td>
<td><p>-8.1%</p>
</td>
<td><p>-13.8%</p>
</td>
</tr>
<tr><td><p>723</p>
</td>
<td><p>Truck</p>
</td>
<td><p> </p>
</td>
<td><p>19840</p>
</td>
<td><p>17523</p>
</td>
<td><p>-2.1%</p>
</td>
<td><p>17163</p>
</td>
<td><p>-7.1%</p>
</td>
<td><p>-13.5%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>ORIGINS</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>180</p>
</td>
<td><p>Domestic Car</p>
</td>
<td><p> </p>
</td>
<td><p>11639</p>
</td>
<td><p>10402</p>
</td>
<td><p>-2.1%</p>
</td>
<td><p>10186</p>
</td>
<td><p>-8.6%</p>
</td>
<td><p>-12.5%</p>
</td>
</tr>
<tr><td><p>320</p>
</td>
<td><p>Domestic Truck</p>
</td>
<td><p> </p>
</td>
<td><p>19968</p>
</td>
<td><p>17757</p>
</td>
<td><p>-1.8%</p>
</td>
<td><p>17430</p>
</td>
<td><p>-6.7%</p>
</td>
<td><p>-12.7%</p>
</td>
</tr>
<tr><td><p>677</p>
</td>
<td><p>Import Car</p>
</td>
<td><p> </p>
</td>
<td><p>12932</p>
</td>
<td><p>11321</p>
</td>
<td><p>-2.2%</p>
</td>
<td><p>11072</p>
</td>
<td><p>-7.8%</p>
</td>
<td><p>-14.4%</p>
</td>
</tr>
<tr><td><p>403</p>
</td>
<td><p>Import Truck</p>
</td>
<td><p> </p>
</td>
<td><p>19652</p>
</td>
<td><p>17178</p>
</td>
<td><p>-2.4%</p>
</td>
<td><p>16769</p>
</td>
<td><p>-7.8%</p>
</td>
<td><p>-14.7%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>SEGMENTS</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>18</p>
</td>
<td><p>Sub-Compact Crossover</p>
</td>
<td><p>SXU</p>
</td>
<td><p>11924</p>
</td>
<td><p>11305</p>
</td>
<td><p>-5.1%</p>
</td>
<td><p>10728</p>
</td>
<td><p>-9.9%</p>
</td>
<td><p>-10.0%</p>
</td>
</tr>
<tr><td><p>60</p>
</td>
<td><p>Compact Luxury CUV/SUV</p>
</td>
<td><p>LCU</p>
</td>
<td><p>23172</p>
</td>
<td><p>19810</p>
</td>
<td><p>-4.2%</p>
</td>
<td><p>18984</p>
</td>
<td><p>-8.4%</p>
</td>
<td><p>-18.1%</p>
</td>
</tr>
<tr><td><p>83</p>
</td>
<td><p>Mid-Size Luxury CUV/SUV</p>
</td>
<td><p>LMU</p>
</td>
<td><p>25253</p>
</td>
<td><p>21184</p>
</td>
<td><p>-3.7%</p>
</td>
<td><p>20396</p>
</td>
<td><p>-9.5%</p>
</td>
<td><p>-19.2%</p>
</td>
</tr>
<tr><td><p>16</p>
</td>
<td><p>Sub-Compact Luxury CUV</p>
</td>
<td><p>LXU</p>
</td>
<td><p>18032</p>
</td>
<td><p>15488</p>
</td>
<td><p>-3.6%</p>
</td>
<td><p>14926</p>
</td>
<td><p>-9.4%</p>
</td>
<td><p>-17.2%</p>
</td>
</tr>
<tr><td><p>93</p>
</td>
<td><p>Sub-Compact Car</p>
</td>
<td><p>SBC</p>
</td>
<td><p>7219</p>
</td>
<td><p>6474</p>
</td>
<td><p>-3.3%</p>
</td>
<td><p>6263</p>
</td>
<td><p>-9.6%</p>
</td>
<td><p>-13.2%</p>
</td>
</tr>
<tr><td><p>109</p>
</td>
<td><p>Luxury Car</p>
</td>
<td><p>LLC</p>
</td>
<td><p>23808</p>
</td>
<td><p>19755</p>
</td>
<td><p>-2.9%</p>
</td>
<td><p>19174</p>
</td>
<td><p>-8.5%</p>
</td>
<td><p>-19.5%</p>
</td>
</tr>
<tr><td><p>53</p>
</td>
<td><p>Prestige Luxury Car</p>
</td>
<td><p>PLC</p>
</td>
<td><p>38468</p>
</td>
<td><p>32286</p>
</td>
<td><p>-2.6%</p>
</td>
<td><p>31454</p>
</td>
<td><p>-7.0%</p>
</td>
<td><p>-18.2%</p>
</td>
</tr>
<tr><td><p>164</p>
</td>
<td><p>Near Luxury Car</p>
</td>
<td><p>NLC</p>
</td>
<td><p>17895</p>
</td>
<td><p>14955</p>
</td>
<td><p>-2.6%</p>
</td>
<td><p>14574</p>
</td>
<td><p>-8.9%</p>
</td>
<td><p>-18.6%</p>
</td>
</tr>
<tr><td><p>110</p>
</td>
<td><p>Compact Crossover/SUV</p>
</td>
<td><p>CSU</p>
</td>
<td><p>13610</p>
</td>
<td><p>12129</p>
</td>
<td><p>-2.5%</p>
</td>
<td><p>11823</p>
</td>
<td><p>-8.3%</p>
</td>
<td><p>-13.1%</p>
</td>
</tr>
<tr><td><p>21</p>
</td>
<td><p>Compact Van</p>
</td>
<td><p>MVC</p>
</td>
<td><p>11453</p>
</td>
<td><p>10947</p>
</td>
<td><p>-2.5%</p>
</td>
<td><p>10672</p>
</td>
<td><p>-6.6%</p>
</td>
<td><p>-6.8%</p>
</td>
</tr>
<tr><td><p>49</p>
</td>
<td><p>Full-Size Luxury CUV/SUV</p>
</td>
<td><p>LFU</p>
</td>
<td><p>40581</p>
</td>
<td><p>33820</p>
</td>
<td><p>-2.5%</p>
</td>
<td><p>32988</p>
</td>
<td><p>-7.3%</p>
</td>
<td><p>-18.7%</p>
</td>
</tr>
<tr><td><p>60</p>
</td>
<td><p>Premium Sporty Car</p>
</td>
<td><p>PSC</p>
</td>
<td><p>41140</p>
</td>
<td><p>36607</p>
</td>
<td><p>-2.2%</p>
</td>
<td><p>35801</p>
</td>
<td><p>-5.9%</p>
</td>
<td><p>-13.0%</p>
</td>
</tr>
<tr><td><p>104</p>
</td>
<td><p>Mid-Size Car</p>
</td>
<td><p>MSC</p>
</td>
<td><p>10905</p>
</td>
<td><p>9760</p>
</td>
<td><p>-2.1%</p>
</td>
<td><p>9555</p>
</td>
<td><p>-7.7%</p>
</td>
<td><p>-12.4%</p>
</td>
</tr>
<tr><td><p>29</p>
</td>
<td><p>Minivan</p>
</td>
<td><p>MVW</p>
</td>
<td><p>16925</p>
</td>
<td><p>14023</p>
</td>
<td><p>-1.8%</p>
</td>
<td><p>13766</p>
</td>
<td><p>-9.1%</p>
</td>
<td><p>-18.7%</p>
</td>
</tr>
<tr><td><p>95</p>
</td>
<td><p>Mid-Size Crossover/SUV</p>
</td>
<td><p>MSU</p>
</td>
<td><p>18260</p>
</td>
<td><p>15731</p>
</td>
<td><p>-1.8%</p>
</td>
<td><p>15445</p>
</td>
<td><p>-7.7%</p>
</td>
<td><p>-15.4%</p>
</td>
</tr>
<tr><td><p>138</p>
</td>
<td><p>Compact Car</p>
</td>
<td><p>CPC</p>
</td>
<td><p>9033</p>
</td>
<td><p>8224</p>
</td>
<td><p>-1.7%</p>
</td>
<td><p>8084</p>
</td>
<td><p>-8.1%</p>
</td>
<td><p>-10.5%</p>
</td>
</tr>
<tr><td><p>49</p>
</td>
<td><p>Full-Size Car</p>
</td>
<td><p>FSC</p>
</td>
<td><p>14030</p>
</td>
<td><p>12489</p>
</td>
<td><p>-1.7%</p>
</td>
<td><p>12279</p>
</td>
<td><p>-7.5%</p>
</td>
<td><p>-12.5%</p>
</td>
</tr>
<tr><td><p>87</p>
</td>
<td><p>Sporty Car</p>
</td>
<td><p>SPC</p>
</td>
<td><p>13767</p>
</td>
<td><p>12354</p>
</td>
<td><p>-1.6%</p>
</td>
<td><p>12157</p>
</td>
<td><p>-8.3%</p>
</td>
<td><p>-11.7%</p>
</td>
</tr>
<tr><td><p>51</p>
</td>
<td><p>Full-Size Crossover/SUV</p>
</td>
<td><p>FSU</p>
</td>
<td><p>28815</p>
</td>
<td><p>25348</p>
</td>
<td><p>-1.5%</p>
</td>
<td><p>24969</p>
</td>
<td><p>-5.9%</p>
</td>
<td><p>-13.3%</p>
</td>
</tr>
<tr><td><p>81</p>
</td>
<td><p>Full-Size Pickup</p>
</td>
<td><p>FPT</p>
</td>
<td><p>25765</p>
</td>
<td><p>23824</p>
</td>
<td><p>-1.3%</p>
</td>
<td><p>23522</p>
</td>
<td><p>-4.9%</p>
</td>
<td><p>-8.7%</p>
</td>
</tr>
<tr><td><p>17</p>
</td>
<td><p>Small Pickup</p>
</td>
<td><p>SPT</p>
</td>
<td><p>22729</p>
</td>
<td><p>20520</p>
</td>
<td><p>-1.1%</p>
</td>
<td><p>20299</p>
</td>
<td><p>-7.0%</p>
</td>
<td><p>-10.7%</p>
</td>
</tr>
<tr><td><p>93</p>
</td>
<td><p>Full-Size Van</p>
</td>
<td><p>FSV</p>
</td>
<td><p>18841</p>
</td>
<td><p>17574</p>
</td>
<td><p>-0.4%</p>
</td>
<td><p>17509</p>
</td>
<td><p>-2.6%</p>
</td>
<td><p>-7.1%</p>
</td>
</tr>
</tbody>
</table>Car Depreciation Improvestag:www.dealerelite.net,2019-03-20:5283893:BlogPost:5308332019-03-20T13:01:58.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. …</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdkE2PgjAYhH8N3CRAgdIDB0BRdyOuEqN4MXy0CkILpYj--y3Z2ybvZTLzTPJO6WFbJ1itPFM3kA4MZADdNqBmaBCZAKwcEyA3WEITKpbeYl6JtmqwVrBWfXgZzIFRIgJLmwCnzCw7NwCWfcCF0DWJ2ngPIbpBAb5iRvJG3pSYYDpgreOMkY5VVMxl0nuZfwEFRKMCljO4AP7tljdZ8cwZe2ajYHP2VtGhuj_EoJhOKZPhtIv8uxSFFAEEor_E7qrQWXFsr5tdSMUkTS7Nd3RavGxjQ0nNz3T3StLEP-kHBPooP-vhz7m27PILRdl77m4lEfvBwB952qfxIUiy7Qda9dGfwjtzmBUD6_NeDEnyCVfrrSTko8vhWuO8SvsVj2IyBvRiO7QreDwF64L4IVuj9fi9R7e9PRNYEir36kFgTrPm_8a_znKCpQ">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at how car retention last week might be showing the early sign of a spring market. The report also sheds light on incentives, where auto manufacturers largely remain disciplined on new vehicle incentives. Near Luxury Car and Luxury Car segments are currently offering the highest level of incentives (as percent of MSRP).</p>
<p>“The first sign of the spring market showed up last week with mid-size cars experiencing an increase in value. In comparison to last year, the used auto market shows a lag in seasonal lift,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.19% last week. In comparison, the market values had decreased by 0.43% on average during the prior 4-week period.</li>
<li>In cars, the values of Mid-Size Cars increased by +0.33%.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.39% last week. In comparison, the market values had decreased by 0.41% on average during the prior 4-week period.</li>
<li>In trucks, Full-Size Vans experienced the biggest drops.</li>
</ul>
<p> </p>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdkE2PgjAYhH8N3CRAgdIDB0BRdyOuEqN4MXy0CkILpYj--y3Z2ybvZTLzTPJO6WFbJ1itPFM3kA4MZADdNqBmaBCZAKwcEyA3WEITKpbeYl6JtmqwVrBWfXgZzIFRIgJLmwCnzCw7NwCWfcCF0DWJ2ngPIbpBAb5iRvJG3pSYYDpgreOMkY5VVMxl0nuZfwEFRKMCljO4AP7tljdZ8cwZe2ajYHP2VtGhuj_EoJhOKZPhtIv8uxSFFAEEor_E7qrQWXFsr5tdSMUkTS7Nd3RavGxjQ0nNz3T3StLEP-kHBPooP-vhz7m27PILRdl77m4lEfvBwB952qfxIUiy7Qda9dGfwjtzmBUD6_NeDEnyCVfrrSTko8vhWuO8SvsVj2IyBvRiO7QreDwF64L4IVuj9fi9R7e9PRNYEir36kFgTrPm_8a_znKCpQ">Click here to download the full report</a>.</p>Overall Depreciation Rate Steadytag:www.dealerelite.net,2019-03-12:5283893:BlogPost:5287392019-03-12T14:51:28.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. …</p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="http://email.meritmile.com/c/eJxdkEuPgjAUhX8N7CSFtjwWLABFnYk4SoyPjYFSFIRW2-Lj30_J7Ca5m5NzvpPcU4UUg5qaTegAOwDQdmyEPBBYtuVNYeTHvhsk2EfJ1DMQ6KloVN901CK8N6-hRwpYuyVyXd-tcAGBFziOR3FZVgAhgs0uvCp1lwaMDCfVN4iuojVlklp3wXl95w1TY5n2ns5fwIDpYMDpCE5gdD6XXUFuJee3YlB8zJ4bJpvLVUnDcSudTF6rNLpoQbSIPageh8yfEcDJtj8tVglTL20Kbb7T3eSJ7QWrW7Fnq2d-zKMd2ATwkZZ7kPzsW4SrryAt3mN3r4ksiqW4lsfHMdvEebH8eKjdRq_kwl2OMog-74nM808ymy81oR-dylNLy-b4mIk0q4eYHbDL7kRkr3hO6ijh82A-fK-D8xqPBNWEKcJWKipY0f3f-BePQIJw">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the vehicle pricing trends from this past week, with a special focus on the latest Black Book Retention Index data. The Black Book Used Vehicle Retention Index for February registered at 114.5, a -0.8% change from January (115.4), continuing its decline for the third month in a row. All segments except for Full-Size Van (+0.56%) showed a decline this past month, with most luxury vehicle segments showing the largest declines.</p>
<p>“The lower priced vehicles are getting the most attention at the auctions, which is typical for this time of the year. On the other hand, the luxury sedan prices continue to drop at a higher rate,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.51% last week. In comparison, the market values had decreased by 0.44% on average during the prior 4-week period.</li>
<li>In cars, the Luxury Car and Near Luxury Car segments experienced the biggest drops.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.49% last week. In comparison, the market values had decreased by 0.41% on average during the prior 4-week period.</li>
<li>In trucks, Compact Luxury Crossover/SUV and Sub-Compact Crossover experienced the biggest drops.</li>
</ul>
<p> </p>
<p><a href="http://email.meritmile.com/c/eJxdkEuPgjAUhX8N7CSFtjwWLABFnYk4SoyPjYFSFIRW2-Lj30_J7Ca5m5NzvpPcU4UUg5qaTegAOwDQdmyEPBBYtuVNYeTHvhsk2EfJ1DMQ6KloVN901CK8N6-hRwpYuyVyXd-tcAGBFziOR3FZVgAhgs0uvCp1lwaMDCfVN4iuojVlklp3wXl95w1TY5n2ns5fwIDpYMDpCE5gdD6XXUFuJee3YlB8zJ4bJpvLVUnDcSudTF6rNLpoQbSIPageh8yfEcDJtj8tVglTL20Kbb7T3eSJ7QWrW7Fnq2d-zKMd2ATwkZZ7kPzsW4SrryAt3mN3r4ksiqW4lsfHMdvEebH8eKjdRq_kwl2OMog-74nM808ymy81oR-dylNLy-b4mIk0q4eYHbDL7kRkr3hO6ijh82A-fK-D8xqPBNWEKcJWKipY0f3f-BePQIJw">Click here to download the full report</a>.</p>BLACK BOOK USED VEHICLE RETENTION INDEX DECLINES FOR THIRD STRAIGHT MONTHtag:www.dealerelite.net,2019-03-06:5283893:BlogPost:5282802019-03-06T14:26:20.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Late Start to the Spring Selling Season Perhaps Pulling Down the Index Early in 2019</span></em></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast…</span></p>
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Late Start to the Spring Selling Season Perhaps Pulling Down the Index Early in 2019</span></em></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;"> </span></strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for February (114.5), a -0.8% change from January (115.4). The Index has also fallen -1.0% over the last twelve months. <a href="http://email.meritmile.com/c/eJxdzcEOgyAQBNCvkZtklxXUA4fGpv8BukQqSmNJ7OdXe2wyl3mHmcmyhsAiWgXYA4HBRqFGiRLuZmihQ4MDaTB91cDKeyxrTCzHvIrZdkDBddoTTQAqODS-pVGhYh-awE4kO5fyquhWqceZ4zikT25cfM7LtXHar9cX1HGb-HOS2O3zXXjfXPo__QIBrjWq">Click here to obtain a copy of the latest index data</a>.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The overall index continued its decline for the third month in a row. All segments except for Full-Size Van (+0.56%) showed a decline this past month, with most luxury vehicle segments showing the largest declines.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">In fact, segments such as Midsize Luxury CUV/SUV (-2.13%) and Sub-compact Car (-2.29%) saw some of the largest single-month declines in over a year in the Index.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“The start of the spring selling season appears to be late this year, perhaps from slower and smaller tax refunds this year, as well as the harsher-than-normal winter weather patterns across much of the country, said Anil Goyal, Executive Vice President, Operations. “March should be a very telling month not only for spring, as it may likely set the tone for the remainder of the year.” </span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">The Index dates to January 2005, where Black Book published a benchmark index value of 100.0 for the market. During 2008, the index dropped by 14.1% while during 2016, the index fell by just 6.4%. During 2011, the index rose strongly from 113.3 to 123.0 by the end of the year as the economy picked up steam and used vehicle values rose higher. It continued to remain relatively stable, rising slightly until May of 2014 when it hit a peak of 128.1.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">To obtain a copy of the latest Black Book Wholesale Value Index, <a href="http://email.meritmile.com/c/eJxdzcEOgyAQBNCvkZtklxXUA4fGpv8BukQqSmNJ7OdXe2wyl3mHmcmyhsAiWgXYA4HBRqFGiRLuZmihQ4MDaTB91cDKeyxrTCzHvIrZdkDBddoTTQAqODS-pVGhYh-awE4kO5fyquhWqceZ4zikT25cfM7LtXHar9cX1HGb-HOS2O3zXXjfXPo__QIBrjWq">please click here</a>. </span></p>
<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">About Black Book</span></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://email.meritmile.com/c/eJxdzEsOwiAQANDT0CWZgQ6fBQtb4z0QpmktWIMkvb7GpclbvxyYYOFhCwrQgwaDo0JCiRKuZrbg0OCsCYwXI1RuW69bYZmOOqyBDC8xWvLW2wgAWdGdtHbJWR_J5aGEtfeX0Behbl_necqpxLRPx7H_jhYe787tGct__wGagy18">BlackBook.com</a> or call 800.554.1026.</span></p>Depreciation Trend Steadytag:www.dealerelite.net,2019-03-05:5283893:BlogPost:5282712019-03-05T16:00:38.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full…</a></p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the latest specialty markets and incentives data. Auto manufacturers have continued to remain disciplined in the past several months on incentive levels. However, if new vehicle sales slow further, we expect this trend to reverse.</p>
<p>“Used vehicle depreciation trends remain steady as the seasonal lift in demand has yet to show up,” said Anil Goyal, Executive Vice President, Operations for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.42% last week. In comparison, the market values decreased by 0.47% on average during the prior 4-week period.</li>
<li>Among cars, Compact Car, Mid-Size Car, Full-Size Car and Sporty Car segments showed lowest depreciation.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.38% last week. In comparison, the market values decreased by 0.42% on average during the prior 4-week period.</li>
<li>In truck segments, the Sub-Compact Crossover, and Compact Crossover/SUV segments depreciated the most.</li>
</ul>
<p> </p>
<p><strong>Specialty Markets</strong></p>
<p><strong>Collectibles:</strong> The year has started off very well in the collectible car world. The Scottsdale collectible car auctions topped $250,000,000, the auctions in Paris centered around Retromobile approached $100,000,000, and Mecum did roughly $135,000,000 in January in Kissimmee, Florida and Las Vegas, Nevada.</p>
<p><strong>Recreational Vehicles:</strong> Even though many areas of the country have been on the receiving end of a few bad late winter snowstorms recently, spring really is right around the corner, and shoppers will soon be heading into the dealerships.</p>
<p><strong>Powersports:</strong> 2019 is getting off to a little bit of a slow start in the Powersports market. Values this month are still heading down for most segments, though we are seeing the first positive signs of the spring market beginning to appear.</p>
<p><strong>Heavy Duty:</strong> A couple of models dropped quite a bit in February, bringing the overall over the road tractor average depreciation to 0.7%, but most models were on the same pace as last month’s drop.</p>
<p><strong>Medium Duty:</strong> New truck sales remain strong through the first quarter helping add downward pressure to late model wholesale values.</p>
<p> </p>
<p><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>Overall Depreciation Rates Stabletag:www.dealerelite.net,2019-02-26:5283893:BlogPost:5280082019-02-26T19:05:09.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full…</a></p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the latest 12-month depreciation trends for truck segments. Among truck segments, Minivan and Luxury CUV/SUV segments showed the highest depreciation in the past twelve months. On the other hand, commercial vans (both Compact and Full-Size), Pickups and the affordable Sub-Compact Crossovers experienced the lowest depreciation levels.</p>
<p>“Overall depreciation of used vehicles is stable. While luxury cars depreciated steeply, sporty cars and pickup trucks retained strong values.”</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.43% last week. In comparison, the market values had decreased by 0.48% on average during the prior 4-week period.</li>
<li>In cars, the Sporty Car, Premium Sporty Car and Mid-Size Car segments experienced the smallest drop.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.40% last week. In comparison, the market values had decreased by 0.43% on average during the</li>
<li>prior 4-week period.</li>
<li>In trucks, Full-Size Vans, Pickups and Full-Size Crossover/SUVs experienced the smallest drop.</li>
</ul>
<p> </p>
<p> </p>
<p><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>Depreciation Rates Improvetag:www.dealerelite.net,2019-02-19:5283893:BlogPost:5274922019-02-19T15:44:31.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full…</a></p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at how spring is taking hold of the market, as overall car retention was just slightly stronger than that of trucks. The report also spotlights Near-luxury cars, which have seen a gradual decline in retained value over the last several years. Currently, the Model Year 2016 vehicles in this segment are valued at 44.8% of original typically-equipped MSRP.</p>
<p>“The depreciation rates on used vehicles improved a little last week. Bidding in auction lanes was strong ahead of President’s Day,” said Anil Goyal, Executive Vice President, Operations, for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.37% last week. In comparison, the market values had decreased by 0.56% on average during the prior 4-week period.</li>
<li>In cars, the Luxury Car and Sporty Car segments experienced the biggest drop.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.38% last week. In comparison, the market values had decreased by 0.48% on average during the prior 4-week period.</li>
<li>In trucks, Compact Luxury Crossover/SUVs experienced the biggest drop.</li>
</ul>
<p> </p>
<p><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>Spring Car Shopping Demand May Be Smaller Due To Lower Tax Refundstag:www.dealerelite.net,2019-02-14:5283893:BlogPost:5274402019-02-14T15:01:30.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Vehicle pricing analyst firm, Black Book, believes there may be slightly lower demand for car shopping this spring due to lower tax refunds issued to Americans. Spring is typically among the busiest times of the year for car shopping since many people wait for their tax rebate check to go out and replace their aging vehicle.</p>
<p> </p>
<p>Last year, the spring tax refund season was a catalyst that led to some of the strongest demand for used vehicles since the recession ended in 2010. In…</p>
<p>Vehicle pricing analyst firm, Black Book, believes there may be slightly lower demand for car shopping this spring due to lower tax refunds issued to Americans. Spring is typically among the busiest times of the year for car shopping since many people wait for their tax rebate check to go out and replace their aging vehicle.</p>
<p> </p>
<p>Last year, the spring tax refund season was a catalyst that led to some of the strongest demand for used vehicles since the recession ended in 2010. In fact, according to Black Book, vehicles depreciated just -12.7% in 2019 compared with -14.5% in 2018. For context, average pre-recession annual depreciation on vehicles is between -15% to -18%.</p>
<p> </p>
<p><strong>From The NY Times:</strong></p>
<p><em>The tax overhaul that took effect last year promised relief, but now that returns are being filed, some people are baffled. They’re getting smaller refunds — or sometimes having to write a check — even though nothing in their situation seems to have changed.</em></p>
<p> </p>
<p><em>The average refund among early filers was down 8.4 percent, according to the Internal Revenue Service. The smaller checks, in some cases, stem from the loss of certain deductions. For others, it’s because less money is being withheld from their paychecks. The I.R.S., in trying to more closely match the amount held out of paychecks with the amount that taxpayers will owe, changed its withholding tables.</em></p>
<p> </p>
<p>Vehicle Depreciation by Segment:</p>
<p> </p>
<table width="0">
<tbody><tr><td width="85"><p>Mk/Mod</p>
</td>
<td width="174"><p> </p>
</td>
<td width="67"><p> </p>
</td>
<td width="67"><p>2/1/18</p>
</td>
<td width="67"><p>1/1/19</p>
</td>
<td width="66"><p> 1M Chg </p>
</td>
<td width="67"><p>2/1/19</p>
</td>
<td width="67"><p> 3M Chg </p>
</td>
<td width="67"><p> 12M Chg </p>
</td>
</tr>
<tr><td><p>Count</p>
</td>
<td><p>Category</p>
</td>
<td><p>Seg</p>
</td>
<td><p>$</p>
</td>
<td><p>$</p>
</td>
<td><p>%</p>
</td>
<td><p>$</p>
</td>
<td><p>%</p>
</td>
<td><p>%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>SUMMARY</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>1,572</p>
</td>
<td><p>All Vehicles</p>
</td>
<td><p> </p>
</td>
<td><p>16,270</p>
</td>
<td><p>14,625</p>
</td>
<td><p>-2.9%</p>
</td>
<td><p>14,207</p>
</td>
<td><p>-7.8%</p>
</td>
<td><p>-12.7%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>TYPES</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>855</p>
</td>
<td><p>Car</p>
</td>
<td><p> </p>
</td>
<td><p>12568</p>
</td>
<td><p>11353</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>11000</p>
</td>
<td><p>-8.5%</p>
</td>
<td><p>-12.5%</p>
</td>
</tr>
<tr><td><p>717</p>
</td>
<td><p>Truck</p>
</td>
<td><p> </p>
</td>
<td><p>19996</p>
</td>
<td><p>17918</p>
</td>
<td><p>-2.7%</p>
</td>
<td><p>17434</p>
</td>
<td><p>-7.4%</p>
</td>
<td><p>-12.8%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>ORIGINS</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>180</p>
</td>
<td><p>Domestic Car</p>
</td>
<td><p> </p>
</td>
<td><p>11653</p>
</td>
<td><p>10744</p>
</td>
<td><p>-3.2%</p>
</td>
<td><p>10403</p>
</td>
<td><p>-9.1%</p>
</td>
<td><p>-10.7%</p>
</td>
</tr>
<tr><td><p>319</p>
</td>
<td><p>Domestic Truck</p>
</td>
<td><p> </p>
</td>
<td><p>20278</p>
</td>
<td><p>18180</p>
</td>
<td><p>-2.3%</p>
</td>
<td><p>17754</p>
</td>
<td><p>-7.3%</p>
</td>
<td><p>-12.4%</p>
</td>
</tr>
<tr><td><p>675</p>
</td>
<td><p>Import Car</p>
</td>
<td><p> </p>
</td>
<td><p>13043</p>
</td>
<td><p>11668</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>11309</p>
</td>
<td><p>-8.2%</p>
</td>
<td><p>-13.3%</p>
</td>
</tr>
<tr><td><p>398</p>
</td>
<td><p>Import Truck</p>
</td>
<td><p> </p>
</td>
<td><p>19572</p>
</td>
<td><p>17525</p>
</td>
<td><p>-3.3%</p>
</td>
<td><p>16953</p>
</td>
<td><p>-7.4%</p>
</td>
<td><p>-13.4%</p>
</td>
</tr>
<tr><td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>SEGMENTS</p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
<td><p> </p>
</td>
</tr>
<tr><td><p>16</p>
</td>
<td><p>Sub-Compact Luxury CUV</p>
</td>
<td><p>LXU</p>
</td>
<td><p>18482</p>
</td>
<td><p>16160</p>
</td>
<td><p>-4.2%</p>
</td>
<td><p>15488</p>
</td>
<td><p>-7.0%</p>
</td>
<td><p>-16.2%</p>
</td>
</tr>
<tr><td><p>80</p>
</td>
<td><p>Mid-Size Luxury CUV/SUV</p>
</td>
<td><p>LMU</p>
</td>
<td><p>24958</p>
</td>
<td><p>21462</p>
</td>
<td><p>-3.9%</p>
</td>
<td><p>20625</p>
</td>
<td><p>-7.6%</p>
</td>
<td><p>-17.4%</p>
</td>
</tr>
<tr><td><p>110</p>
</td>
<td><p>Compact Crossover/SUV</p>
</td>
<td><p>CSU</p>
</td>
<td><p>13771</p>
</td>
<td><p>12597</p>
</td>
<td><p>-3.7%</p>
</td>
<td><p>12129</p>
</td>
<td><p>-8.3%</p>
</td>
<td><p>-11.9%</p>
</td>
</tr>
<tr><td><p>86</p>
</td>
<td><p>Sporty Car</p>
</td>
<td><p>SPC</p>
</td>
<td><p>13834</p>
</td>
<td><p>12792</p>
</td>
<td><p>-3.7%</p>
</td>
<td><p>12324</p>
</td>
<td><p>-9.1%</p>
</td>
<td><p>-10.9%</p>
</td>
</tr>
<tr><td><p>164</p>
</td>
<td><p>Near Luxury Car</p>
</td>
<td><p>NLC</p>
</td>
<td><p>18328</p>
</td>
<td><p>15523</p>
</td>
<td><p>-3.7%</p>
</td>
<td><p>14955</p>
</td>
<td><p>-9.0%</p>
</td>
<td><p>-18.4%</p>
</td>
</tr>
<tr><td><p>18</p>
</td>
<td><p>Sub-Compact Crossover</p>
</td>
<td><p>SXU</p>
</td>
<td><p>12092</p>
</td>
<td><p>11730</p>
</td>
<td><p>-3.6%</p>
</td>
<td><p>11305</p>
</td>
<td><p>-5.9%</p>
</td>
<td><p>-6.5%</p>
</td>
</tr>
<tr><td><p>16</p>
</td>
<td><p>Small Pickup</p>
</td>
<td><p>SPT</p>
</td>
<td><p>22830</p>
</td>
<td><p>21212</p>
</td>
<td><p>-3.5%</p>
</td>
<td><p>20471</p>
</td>
<td><p>-7.9%</p>
</td>
<td><p>-10.3%</p>
</td>
</tr>
<tr><td><p>29</p>
</td>
<td><p>Minivan</p>
</td>
<td><p>MVW</p>
</td>
<td><p>17219</p>
</td>
<td><p>14521</p>
</td>
<td><p>-3.4%</p>
</td>
<td><p>14023</p>
</td>
<td><p>-10.6%</p>
</td>
<td><p>-18.6%</p>
</td>
</tr>
<tr><td><p>93</p>
</td>
<td><p>Sub-Compact Car</p>
</td>
<td><p>SBC</p>
</td>
<td><p>7141</p>
</td>
<td><p>6701</p>
</td>
<td><p>-3.4%</p>
</td>
<td><p>6474</p>
</td>
<td><p>-8.4%</p>
</td>
<td><p>-9.3%</p>
</td>
</tr>
<tr><td><p>138</p>
</td>
<td><p>Compact Car</p>
</td>
<td><p>CPC</p>
</td>
<td><p>9016</p>
</td>
<td><p>8488</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>8224</p>
</td>
<td><p>-9.5%</p>
</td>
<td><p>-8.8%</p>
</td>
</tr>
<tr><td><p>49</p>
</td>
<td><p>Full-Size Car</p>
</td>
<td><p>FSC</p>
</td>
<td><p>14138</p>
</td>
<td><p>12886</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>12489</p>
</td>
<td><p>-8.2%</p>
</td>
<td><p>-11.7%</p>
</td>
</tr>
<tr><td><p>109</p>
</td>
<td><p>Luxury Car</p>
</td>
<td><p>LLC</p>
</td>
<td><p>24220</p>
</td>
<td><p>20351</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>19726</p>
</td>
<td><p>-7.4%</p>
</td>
<td><p>-18.6%</p>
</td>
</tr>
<tr><td><p>60</p>
</td>
<td><p>Compact Luxury CUV/SUV</p>
</td>
<td><p>LCU</p>
</td>
<td><p>23367</p>
</td>
<td><p>20416</p>
</td>
<td><p>-3.0%</p>
</td>
<td><p>19812</p>
</td>
<td><p>-5.9%</p>
</td>
<td><p>-15.2%</p>
</td>
</tr>
<tr><td><p>104</p>
</td>
<td><p>Mid-Size Car</p>
</td>
<td><p>MSC</p>
</td>
<td><p>10912</p>
</td>
<td><p>10049</p>
</td>
<td><p>-2.9%</p>
</td>
<td><p>9760</p>
</td>
<td><p>-8.6%</p>
</td>
<td><p>-10.6%</p>
</td>
</tr>
<tr><td><p>53</p>
</td>
<td><p>Prestige Luxury Car</p>
</td>
<td><p>PLC</p>
</td>
<td><p>38936</p>
</td>
<td><p>33139</p>
</td>
<td><p>-2.6%</p>
</td>
<td><p>32286</p>
</td>
<td><p>-6.3%</p>
</td>
<td><p>-17.1%</p>
</td>
</tr>
<tr><td><p>94</p>
</td>
<td><p>Mid-Size Crossover/SUV</p>
</td>
<td><p>MSU</p>
</td>
<td><p>18345</p>
</td>
<td><p>16003</p>
</td>
<td><p>-2.5%</p>
</td>
<td><p>15605</p>
</td>
<td><p>-8.8%</p>
</td>
<td><p>-14.9%</p>
</td>
</tr>
<tr><td><p>21</p>
</td>
<td><p>Compact Van</p>
</td>
<td><p>MVC</p>
</td>
<td><p>11565</p>
</td>
<td><p>11225</p>
</td>
<td><p>-2.5%</p>
</td>
<td><p>10947</p>
</td>
<td><p>-5.8%</p>
</td>
<td><p>-5.3%</p>
</td>
</tr>
<tr><td><p>49</p>
</td>
<td><p>Full-Size Luxury CUV/SUV</p>
</td>
<td><p>LFU</p>
</td>
<td><p>41377</p>
</td>
<td><p>34658</p>
</td>
<td><p>-2.4%</p>
</td>
<td><p>33820</p>
</td>
<td><p>-6.9%</p>
</td>
<td><p>-18.3%</p>
</td>
</tr>
<tr><td><p>51</p>
</td>
<td><p>Full-Size Crossover/SUV</p>
</td>
<td><p>FSU</p>
</td>
<td><p>29529</p>
</td>
<td><p>25963</p>
</td>
<td><p>-2.4%</p>
</td>
<td><p>25348</p>
</td>
<td><p>-7.5%</p>
</td>
<td><p>-14.2%</p>
</td>
</tr>
<tr><td><p>59</p>
</td>
<td><p>Premium Sporty Car</p>
</td>
<td><p>PSC</p>
</td>
<td><p>41799</p>
</td>
<td><p>37236</p>
</td>
<td><p>-1.9%</p>
</td>
<td><p>36513</p>
</td>
<td><p>-5.1%</p>
</td>
<td><p>-12.6%</p>
</td>
</tr>
<tr><td><p>80</p>
</td>
<td><p>Full-Size Pickup</p>
</td>
<td><p>FPT</p>
</td>
<td><p>25967</p>
</td>
<td><p>24152</p>
</td>
<td><p>-1.6%</p>
</td>
<td><p>23760</p>
</td>
<td><p>-5.4%</p>
</td>
<td><p>-8.5%</p>
</td>
</tr>
<tr><td><p>93</p>
</td>
<td><p>Full-Size Van</p>
</td>
<td><p>FSV</p>
</td>
<td><p>18915</p>
</td>
<td><p>17654</p>
</td>
<td><p>-0.4%</p>
</td>
<td><p>17574</p>
</td>
<td><p>-3.1%</p>
</td>
<td><p>-7.1%</p>
</td>
</tr>
</tbody>
</table>Overall Depreciation Trends Stabletag:www.dealerelite.net,2019-02-12:5283893:BlogPost:5276452019-02-12T15:25:24.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full…</a></p>
<p>Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>
<p>This week’s Market Insights Report looks at the latest depreciation trends from the previous week, with an emphasis on the stabilization of retention heading into late winter. The report also highlights the latest Black Book Used Vehicle Retention Index for January, which fell to 115.4, down 0.7% from December’s listing of 116.3. After a strong performance in 2018, the Index has now declined for two straight months.</p>
<p>“With no early signs of a spring lift in the market yet, the used vehicle market continues to depreciate at a steady pace. Expectation of smaller tax refunds this year is likely to dampen the seasonal increase,” said Anil Goyal, Executive Vice President, Operations, for Black Book.</p>
<p> </p>
<ul>
<li>Volume-weighted, overall car segment values decreased by 0.54% last week. In comparison, the market values had decreased by 0.62% on average during the prior 4-week period.</li>
<li>In cars, the Full-Size Car segment experienced the biggest drop.</li>
<li>Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.49% last week. In comparison, the market values had decreased by 0.55% on average during the prior 4-week period.</li>
<li>In trucks, Sub-Compact Crossovers experienced the biggest drop.</li>
</ul>
<p> </p>
<p><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__blackbookauto.com_insights&d=CwMFAg&c=B73tqXN8Ec0ocRmZHMCntw&r=xFU-v51HnfjrWnMvSYSAU0Q93qFbW0CPWj45dJ9Faxs&m=NABsrhbYqYNQBSaIy74jRAwCgo6o4N34yx-sSSyCEGI&s=sZjebiYqErFNfuBnX56npcrNwBGcfACoG9GuKO9_O5I&e=">Click here to download the full report</a>.</p>BLACK BOOK ANNOUNCES KEY ENHANCEMENTS TO BLACK BOOK CHERRY MOBILE APPtag:www.dealerelite.net,2019-02-11:5283893:BlogPost:5274122019-02-11T14:59:31.000ZBlack Bookhttps://www.dealerelite.net/profile/BlackBook
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Replaces Black Book Digital as Flagship Mobile App</span></em></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today new enhancements to its dealer-focused subscription application, Black Book Cherry. Available via…</span></p>
<p align="center" style="text-align: center;"><em><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Replaces Black Book Digital as Flagship Mobile App</span></em></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today new enhancements to its dealer-focused subscription application, Black Book Cherry. Available via desktop or mobile, Black Book Cherry helps personalize dealers’ inventory discovery by automatically identifying the most desirable vehicles at auction, while continuing to offer all the standard valuation and appraisal functionality.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Replacing Black Book’s legacy mobile app, Black Book Cherry not only recommends the types of vehicles industry professionals prefer to buy, it allows them to view all vehicles at an auction, VIN Scan, and free form search. Black Book’s industry-leading History Adjusted Valuations are a standard feature in Black Book Cherry, giving users access to the most precise VIN-specific valuations in the industry. The app also uses an individual subscriber’s previous inventory preferences and behavior to filter run lists according to the dealer’s needs and is auction agnostic.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Retail Market Insights was recently added to Black Book Cherry, This new feature offers metrics such as days-to-turn, market days’ supply, and average listing price, allowing users to make the best decision possible. Users can also view individual listings to help gauge profitability and understand what is for sale in their local retail market.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">“Black Book Cherry is the most advanced and complete mobile and desktop tool available to dealers,” said Kyle Luck, Director Product Management at Black Book. “Loaded with all necessary data to make fast and profitable decisions, Black Book Cherry offers a distinct competitive advantage when attending a physical or online auction or appraising a trade-in on the lot.”</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Additional functionality allows users to “like” a vehicle, label it as a “cherry,” “dislike” a vehicle, or “share” a vehicle with a colleague or customer. Users are notified of new vehicles entering the marketplace, and at a glance, see inventory that best suits their needs.</span></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">For more information, call 800-554-1026 or visit <a href="http://www.blackbook.com/cherry">www.blackbook.com/cherry</a>.</span></p>
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<p><strong><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">About Black Book</span></strong></p>
<p><span style="font-family: 'Helvetica',sans-serif; color: #1e4e79;">Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit <a href="http://www.BlackBook.com">BlackBook.com</a> or call 800.554.1026.</span></p>