Trucks and import cars showed the greatest strength as the wholesale industry began January with solid improvement after a poor 2008. That progress persisted during the final week of the month, according to the latest Beggs on the Market video report from Black Book.
The final week of January saw good crowds at auctions across the country, said Ricky Beggs, vice president and managing editor of Black Book. He said he hoped that would continue in February. Beggs said a "great mix" of value adjustments occurred throughout the country in the last week of January. While the greatest improvements took place for trucks (both imports and domestics) and some import cars, domestic cars, for the most part, showed the most value decline.
Beggs added that it seemed the sales on the commercial consigned lanes have continued to hold strong percentages. Those on dealer-consigned lanes did not have as strong percentages, he said.
Beggs highlighted several programs provided by Black Book, including FirstValue, which shows the value of a 2009 model before any market-condition or market-driven data is available.