Resale Values Remain Consistent, Slowdown Coming Soon

Sep 23, 2009
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.