Beggs Reports Positive Auto Market Trends
Average values rose for 13 of 24 vehicle segments.
Most auto valuation experts have a more positive feeling about the overall auto sales market due to recent upward adjustments in pricing, says Ricky Beggs, vice president and managing editor for Black Book USA, a Gainesville, Ga., publisher of electronic and print valuation guides.
Average values rose for 13 of 24 vehicle segments, 21% by an average of $112, a significant rise, he reports.
Only two vehicle segments—prestige luxury and high-end sporty cars—suffered significant value declines.
Mid-sized pick-up trucks and sport utility vehicles led the growth. Small and mid-sized car values were the most stabile.
“The bottom line,” Beggs says, “is that the auctions are very active and dealers are replacing inventory.”