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Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.
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Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
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The overall fleet vehicle market depreciated by 12.1% over the previous year; however, the depreciation rate for cars was 14.8% and is expected to increase in 2015.
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This reader is asking for guidance when trying to determine whether good deals on used cars would be beneficial to a company's fleet.
Read More →New, three-hour “fleet jam session” includes a market overview from Ricky Beggs of Black Book, a blue-ribbon panel on fleet trends and roundtables with access to a team of fleet experts.
Read More →Auto manufacturers are ready to pump out more cars. Could this mean higher incentives and lower residuals?
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The used-vehicle market weakened in January, as 2008-'12 model-year vehicles depreciated 1.9 percent compared to the 1.4 percent depreciation in December, according to Black Book's monthly reporting.
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Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.
Read More →Black Book reports that five used car segments are experiencing price declines in May.
Read More →Tom Webb of Manheim, Ricky Beggs of Black Book and Alec Gutierrez of Kelley Blue Book will discuss the forces affecting fleet costs, residual values, auction trends and more.
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