Black Book's Blog (320)

Which Car & Truck Segments Showing Price Strength Entering Spring?

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.

 

Most car segments, while not at the higher end of the…

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Added by Black Book on March 20, 2019 at 9:44am — No Comments

Car Depreciation Improves

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. …

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Added by Black Book on March 20, 2019 at 9:01am — No Comments

Overall Depreciation Rate Steady

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. …

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Added by Black Book on March 12, 2019 at 10:51am — No Comments

BLACK BOOK USED VEHICLE RETENTION INDEX DECLINES FOR THIRD STRAIGHT MONTH

Late Start to the Spring Selling Season Perhaps Pulling Down the Index Early in 2019

 Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast…

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Added by Black Book on March 6, 2019 at 9:26am — No Comments

Depreciation Trend Steady

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. Click here to download the full…

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Added by Black Book on March 5, 2019 at 11:00am — No Comments

Overall Depreciation Rates Stable

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. Click here to download the full…

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Added by Black Book on February 26, 2019 at 2:05pm — No Comments

Depreciation Rates Improve

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. Click here to download the full…

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Added by Black Book on February 19, 2019 at 10:44am — No Comments

Spring Car Shopping Demand May Be Smaller Due To Lower Tax Refunds

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.

 

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…

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Added by Black Book on February 14, 2019 at 10:01am — No Comments

Overall Depreciation Trends Stable

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. Click here to download the full…

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Added by Black Book on February 12, 2019 at 10:25am — No Comments

BLACK BOOK ANNOUNCES KEY ENHANCEMENTS TO BLACK BOOK CHERRY MOBILE APP

Replaces Black Book Digital as Flagship Mobile App

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…

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Added by Black Book on February 11, 2019 at 9:59am — No Comments

BLACK BOOK USED VEHICLE RETENTION INDEX DECLINES FOR SECOND STRAIGHT MONTH

Lack of Strength in January Could Preview a 2019 Market with Less Momentum than in 2018

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 January (115.4), falling -0.7% from December’s listing of 116.3. The Index has now declined two months in a row. Click here…

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Added by Black Book on February 6, 2019 at 2:18pm — No Comments

Depreciation Trends Normalize

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. Click here to download the full…

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Added by Black Book on February 5, 2019 at 12:32pm — No Comments

BLACK BOOK LAUNCHES PRECISION-BASED VIN-LEVEL VALUATION TOOL USING BIG DATA AND MACHINE LEARNING

ValuEngine Now Includes Enhanced Vehicle Matching Technology

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today its ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.

Approximately 30% of VINs do not decode to a single trim…

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Added by Black Book on January 23, 2019 at 1:43pm — No Comments

Car Segments Drop More

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. Click here to download the full…

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Added by Black Book on January 23, 2019 at 10:23am — 1 Comment

BLACK BOOK AND THE APPRAISAL LANE TEAM UP TO GIVE CONSUMERS THE TRADE-IN EXPERIENCE THEY REALLY WANT

New mobile platform combines market-reflective valuations with cash offers from live experts to improve the trade-in process for consumers and dealers.

According to a recent survey conducted by Black Book, consumers believe a vehicle trade-in quote that’s far from expectations remains the second-most likely reason to kill a deal.  The trade-in process remains largely inefficient, which is why Black Book and The Appraisal…

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Added by Black Book on January 17, 2019 at 11:04am — No Comments

NEW BLACK BOOK WHITE PAPER HELPS LENDERS UNDERSTAND NEW CECL REQUIREMENTS

Paper Offers Actionable Steps To Leverage CECL as a Competitive Advantage

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today a new educational white paper: “Analytic-Driven Data Helps Auto Finance Lenders Mitigate Risk & Become CECL Compliant”. Click…

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Added by Black Book on January 16, 2019 at 10:20am — No Comments

Broad Declines in the Market

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. Click here to download the full…

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Added by Black Book on January 15, 2019 at 12:15pm — No Comments

Used Vehicle Values Continue to Decline at a Faster Clip

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. Click here to download the full…

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Added by Black Book on January 8, 2019 at 11:41am — No Comments

Black Book Used Vehicle Retention Index Shows First Decline Since May

End-Of-Year Seasonality Causes Index To Decline Ahead of Spring Selling Season

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 December (116.3), dipping slightly from the previous month (116.5). December showed the first decline in the Index dating back to May.…

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Added by Black Book on January 7, 2019 at 9:12am — No Comments

Car Segment Decline Continues

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. Click here to download the full…

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Added by Black Book on December 18, 2018 at 1:59pm — No Comments

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