Vehicle resale values continued to show resilience last week and
have remained mostly consistent for the past three moths, reports Black Book
managing editor Ricky Beggs.
Of the 14 truck segments that Black Book
studies, only two
have experienced any loss of value, with the overall movement of value
remaining positive for the past 17 weeks.
Car values also remained strong, with only 1 of 10 segments
decreasing in price overall. Beggs says that the last three months
have showed an upward trend in car values. “The bottom line,” Beggs
said, “is the auction activity has solid buyer interest with a few
models being extremely strong.”
Though a sharp decline has been averted, Beggs cautions
that a brief slowdown will strike wholesale demand with the effects of Cash for Clunkers finally disappearing.