Friday, May 18, 2012

Black Book Sees Lower Prices

"Black Book said recent trends in new-car trades are easing pressures in the wholesale market.

Editor Ricky Beggs reports that there are a few more cars coming into the market through the trade-in process, as new car sales continue to increase. This is being offset somewhat as the end-of-term lease contracts continue to decline and should continue this pattern through December before starting to increase again after a couple of months into 2013.

Used vehicle truck values increased slightly this past week for seven of the 14 truck segment types.

Full-size crossover showed the most strength with a $32 increase week over week. However, mid-size crossovers declined $40." [Read more]

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