BLACKBOOKAUTO @BlackBookAuto
The most precise data & analytics in the market. #blackbookauto blackbook.com Joined October 2012-
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Last week, the wholesale market showed steadiness, with minimal fluctuations in both the car and truck categories. Full-size vans, in particular, continued to show the largest decreases of all segments. Wholesale Insights here. blackbook.com/market-insight…
The volume-weighted, overall Truck segment increased +0.01% compared to the depreciation seen the prior week of -0.02%. Five of the thirteen Truck segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #trucksegment #suvsegment #autoinsights
On a volume-weighted basis, the overall Car segment increased +0.04%. For reference, in the previous week, cars increased +0.21%. Four of the nine Car segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #carsegment #marketinsights
Specialty Market Insights – April 2024: “The best word to use for this month is ‘normal.’ After three years of pandemic-induced price increases, and another year of counterbalancing decreases, we are finally starting to see normalcy return to the market.” blackbook.com/market-insight…
Last week was characterized as “stable”, as the overall market saw a slight uptick of 0.01%. Attention should be directed towards the luxury segments, Full-Size Vans, and electric vehicles (EVs), as they have been experiencing a continued downward trend. blackbook.com/market-insight…
The #1 challenge for auto dealers is accurate valuations. (high risk & thin margins) Without VIN-specific, history-adjusted valuations, it’s too easy to miss the mark. The first solution is here: bit.ly/3v6ldkq #autovalues #automarket #autoinsights #marketinsights
Meet Black Book Cherry: Discover inventory, scan a VIN, & research valuations from your phone. Take informed action & make confident business decisions with Black Book Cherry. bit.ly/2ZWczlf #blackbook #blackbookcheerry #vehiclevaluations #autodata #automarket
For the first time in six weeks, the truck segment saw a downturn, with Full-Size Vans at the forefront of the decline, falling by -1.67%. Wholesale Insights: blackbook.com/market-insight… #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry
On a volume-weighted basis, the overall Car segment increased +0.21%. For reference, in the previous week, cars increased +0.27%. Five of the nine Car segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #carsegment #weeklyinsights
The volume-weighted, overall Truck segment decreased -0.02% compared to the appreciation seen the prior week of +0.09%. Six of the thirteen Truck segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #trucksegment #suvsegment
Signs of a spring market slowdown are emerging, as the overall market appreciated barely +0.05% last week, and the Trucks & SUVs category saw a slight -0.02% dip. Full Market Insights: blackbook.com/market-insight… #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry
Thrilled to announce Black Book's latest innovation, Guaranteed Offer! Developed in collaboration with @OPENLANEUS, we’ve built a better solution and aim to provide a seamless trade-in experience for consumers. Read more below here: blackbook.com/introducing-bl… #guaranteedoffer
The Spring Market is here - our weekly market report showed upward trends in both the Car and Truck sectors for the last five weeks. April 2024 Residual Values Forecast: blackbook.com/white-papers/a… #rvforecast #residualvalues #residualvaluesforecast #2024forecast
Top 3 ways to overcome manufacturing challenges: 1) Effectively manage inventory, 2) Maximize ROI with tech tools, 3) Invest in precise data. Get the full breakdown here: bit.ly/3VbtfDe #inventorymanagement #analytics #autodata #marketinsights #autotech
The top 3 data points your auto business must have: What inventory to acquire, how to be competitive, & what is selling the fastest | The solution? Residual Values & Retail Listing Data | Read more here: bit.ly/43gJFwi #autoanalytics #marketinsights #residualvalues
The volume-weighted, overall Truck segment increased +0.09% compared to the appreciation seen the prior week of +0.23%. Eight of the thirteen Truck segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #trucksegment #marketinsights #auto
On a volume-weighted basis, the overall Car segment increased +0.27%. For reference, in the previous week, cars increased +0.26%. Four of the nine Car segments increased last week. View the Weekly Market Insights here: blackbook.com/market-insight… #carsegment #marketinsights
The overall market is still experiencing growth, yet there is a noticeable deceleration in the pace of these gains, and a growing number of segments are beginning to see a reversal into negative trends. Full Market Insights below. blackbook.com/market-insight… #Data #Analytics #Cars
As we conclude the second week of April, the wholesale market maintains a rising trajectory. View Wholesale Insights here: blackbook.com/market-insight… #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry
Want automotive market outlook & vehicle highlights delivered straight to your inbox? Make informed business decisions. Subscribe to Residual Values Insights here: bit.ly/3t6epCz #autoanalytics #portfoliodata #autoinsights #marketinsights
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4/ @BlackBookAuto shows that wholesale #usedcar prices are up 40% in 2021 alone! Retail used car prices are up nearly 30% ...
With more shortages announced by OEMs, it appears that vehicle values are increasing again. Take a few minutes and read these insights shared by @BlackBookAuto for more details and exactly how this impacts your segment of the market. Thanks for sharing, @BlackBookAuto!
The graph below looks at trends in wholesale prices of 2-6-year-old vehicles, indexed to the first week of the year. For this week's Market Insights: bit.ly/3mSSnNV
The number of days pre-owned vehicles are sitting in the lot has increased slightly over the past three weeks, even as supply constraints persist in the new vehicle market, according to new data from @BlackBookAuto. chdr.tv/i8u
The number of days pre-owned vehicles are sitting in the lot has increased slightly over the past three weeks, even as supply constraints persist in the new vehicle market, according to new data from @BlackBookAuto. chdr.tv/i8u
Some updates from @BlackBookAuto to help your dealership.
Sales rates have been continually improving in recent weeks as sellers have adjusted floors to reflect the softening in wholesale values. 8/24 Market Insights: bit.ly/3sLOYBj
gosh, seems like the high was right on March 13th, the day all those stimulus checks went out? you know, if they want this chart to go higher, maybe send out more stimulus?
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers. 7/20 Market Insights: bit.ly/2Upi5ho
After 22 weeks of gains, this is the 5th straight drop in wholesale prices. BB notes that this “change of direction may mark the turning point for the automotive market.” Used retail px have also started to fall. CPI used autos will prob still be up in Jul but drops are coming.
On a volume-weighted basis, the overall Car segment decreased -0.68%. For reference, the previous week decreased by –0.63%. For this week's Market Insights: bit.ly/3lptzMT
The number of days pre-owned vehicles are sitting in the lot has increased slightly over the past three weeks, even as supply constraints persist in the new vehicle market, according to new data from @BlackBookAuto. chdr.tv/i8u
Nothing new here...prices continue to climb, but at a more modest rate. Surprisingly, compact cars are outpacing other models in growth. Thanks for sharing the latest trends, @BlackBookAuto !
Wholesale prices remain strong, however, there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling. For this week's Market Insights: bit.ly/3vPr3ko
The RV Aftermarket Conference is back, just in time for its 50th anniversary: rvpro.link/ilm2n
Auto Finance Summit returns this October 27-29 at the Wynn Las Vegas. Sponsorship packages are now available... Find out how your company can get involved and request a media kit today: bit.ly/3xyO9Or #AFSummit21
Keep up to date with the latest news and #Hearst brands with #Hearstlink: bit.ly/3y5UcdH
The 2022 GLC63 SUV is getting an upgrade! The new model adds the S guise and 34 additional HP--totalling 503. Now the real question is SUV or coupe?
As prices increase, "consumer affordability is still a real concern for OEMs and lenders" -- Alex Yurchenko, Vice President of Data Science, @BlackBookAuto #AFRS21
Another report from @BlackBookAuto highlighting current updates on vehicle pricing. Take a few minutes and go through the different areas that will impact your business. Are you pricing your vehicles correctly?
The Black Book used vehicle Retention Index shows another increase in March, continuing the trend of the last 4 months. The April Retention Index broke yet another record, reaching 152.4 points. For this week's Market Insights: bit.ly/3y6aUtd
If your dealership hasn't started to prepare for EV sales, now is the time! Thanks for sharing this important reminder, @BlackBookAuto!
How can dealers prepare for future electric vehicle growth? It starts with education. Learn more here. ⬇️ blackbook.com/how-can-dealer…
The latest updates from our partners at @BlackBookAuto with changes to retail and wholesale pricing. Values continue to climb, but that rate of increase seems to be slowing for now.
The graph below looks at trends in wholesale prices of 2-6-year old vehicles, indexed to the first week of the year. Currently, wholesale prices are more than 23% higher compared to the beginning of the year (adjusted for the mix). For more insights: bit.ly/3ejFO9U
Latest information from @BlackBookAuto on used vehicle retention.
The April Retention Index skyrocketed and broke yet another record, reaching 152.4 points Check out the latest index here: bit.ly/3h8jSQS
What is going on in the #usedcar market? Back at @GetAutoAdvocate we interviewed @BlackBookAuto to find out! youtube.com/watch?v=c_YhcS…
A lot of data this week from @BlackBookAuto. Take a look for pricing & volume changes. We're still far from normal and a lot of challenges maintaining inventory that you need. #autosales #autofinance #newcarsales #usedcarsales #VehicleCost #corelanetechnologies #creditlane
Volume offered for sale each week remains extremely tight as sellers have little inventory available to offer. The continued tight supply levels and elevated retail demand are resulting in strong conversion rates. For this week's Market Insights: bit.ly/32tHvuD
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