Please note and/or make your IT department or email administrator aware the emails will be coming from the domains and. The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices. Signing up requires less than one minute of your time.Ĭ has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe. Black Book sources pricing data from both wholesale auctions and actual vehicle. Or Your Money Back.ĭon’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily news headlines.Īnd if you haven’t yet signed up for the new email solution on which has partnered with ResponseGenius, you can do so here. The Black Book value is essentially the wholesale or auction value of a car. The company dates back to the late 1920s, when it published an actual blue book that dealerships. To obtain a copy of the latest Black Book Wholesale Value Index, click here. Kelley Blue Book, or KBB for short, is an automotive shopping website. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP. We expect the wholesale prices to accelerate their declines in August as consumers are staying away from large purchases.” During the last week of July, we saw all segments decreasing in value, including Full-Size Vans (with some segments dropping by more than one percent per week). Even with the lack of adequate new inventory, used retail demand continued to soften which finally pushed wholesale prices down. “High gas prices, inflationary pressure, and global events kept consumer confidence low. “Wholesale prices reversed the trend at the end of June for the 2-8-year-old vehicle segments that comprise of Black Book’s Retention Index” said Alex Yurchenko, chief data science officer at Black Book. The Index currently stands 17% above where it was at the same time in 2021 and 65% above March 2020, pre-pandemic. The company is predicting that a weakening economy and threat of a recession will accelerate declines in wholesale values.īlack Book’s Used Vehicle Retention Index for July shows the Index decreased to 189.4 points, a 2.2-point (or 1.1%) drop.
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