Black Book Forecasts Strong Year for Prices and for Auctions

Ricky Beggs
Editorial Director
Black Book

Black Book predicts that 2014 will see a depre­ci­a­tion level of 13.5% — more than 12.8% in 2013 and 12.4% in 2012, but much more stable than what happened to the pre-recession market. The market is expected to reach 16 million in new vehicles sales this year, but the volume of used vehicles should be staying solid along with prices.

Here’s the complete interview with Beggs including the influence of incentives and where gas prices are expected to go

Deal­ers Have Been Great Entre­pre­neurs on the Remar­ket­ing Front:
Find­ing the right inven­tory, and not aggres­sive in sell­ing used vehicles.

Higher Vol­ume of Off-lease Returns Not Expected to Soften Mar­ket Much:
Black Book expects 60% of new car sales this year will have trade-ins; that’s more but not enough to soften prices dramatically.

Physical Auctions Aren’t Growing But Are Very Much Appreciated by Remarketers:
Classic car auctions have done very well and make for a great investment.