Beggs Reports Positive Auto Market Trends

Average values rose for 13 of 24 vehicle segments.

August 13, 2010

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.”

video Watch Beggs on the Market Now.