Black Book

Wholesale Insights: https://heyor.ca/5AXXDe The team at Black Book hopes you enjoyed a wonderful holiday season and had the opportunity to relax with friends and family. At this time of the year, auction activities typically decrease. While some auctions were open last Tuesday, they saw a significant reduction in both inventory and attendance, and all auctions were closed on Wednesday. Consequently, the auction conversion rate fell by 12% from the previous week due to the holidays. On a positive note, the depreciation rate decelerated further last week compared to the prior. However, with the upcoming New Year’s holiday, wholesale activities might face disruptions in the coming week, potentially resulting in low conversion rates once again. Last week’s auction conversion rate was 44%. #WholesaleInsights #AuctionConversion #MarketTrends #BiddingActivity #YearEndTrends

View the Weekly Market Insights here: https://heyor.ca/5AXXDe #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Full Market Insights: https://heyor.ca/5AXXDe Due to the Christmas holiday last week, auction activity decreased significantly, with some auctions either rescheduling their sale dates or canceling altogether. This reduction in activity led to a sharp drop in the nation’s overall conversion rate, which fell to 44% from 56% the previous week. Additionally, depreciation slowed down, with the overall market declining by -0.38%, compared to a -0.46% decline the week before. #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

What can History-Adjusted Valuations REALLY do for dealers, lenders, and OEMs? → We’re breaking down all the best applications and top benefits of the HAV feature in our latest resource: https://heyor.ca/PbUx2y #autoinsights #autodata #usedvehicles #analytics #marketinsights

Wholesale Insights: https://heyor.ca/xrdgmy Last week, we observed the largest total inventory at the auctions all year, along with a 2% drop in the auction conversion rate. While depreciation did slow for the second consecutive week, we are noticing that buyers are being a little more cautious. The Full-Size Crossover/SUV segment experienced the largest decline at just over 1%, followed by the Sub-Compact Car segment, which declined by 0.82%. Overall, the Car and Truck segments experienced a smaller decline than the previous week. Last week’s auction conversion rate was 56%. #WholesaleInsights #AuctionConversion #MarketTrends #BiddingActivity #YearEndTrends

Black Book brought the industry’s first electric vehicle (EV) valuations to market. 🔋While battery life is the primary factor in determining EV value, none of the traditional valuation tools consider this. The first of its kind, Battery Adjusted Values™, allows you to make battery condition adjustments based on industry-leading data from Recurrent, the #1️⃣ EV analytics authority. Now, you can fully capture the condition of EV batteries and the impact of other factors like extreme temperatures, overuse of fast charging, inconsistent charging cycles, and more when determining EV values. Learn more about how Black Book Enhances EV Values with Recurrent Battery Insights: https://heyor.ca/E6ZS6a —OR—Talk to a Black Book product specialist about Battery-Adjusted Values® https://heyor.ca/lrF1qc #autoinsights #autodata #ev #electricvehicles #bav

View the Weekly Market Insights here: https://heyor.ca/xrdgmy #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Full Market Insights: https://heyor.ca/xrdgmy Last week, the auctions recorded the highest total inventory of the year accompanied by a 2% decrease in the auction conversion rate. Although depreciation slowed for the second week in a row, buyers are showing increased caution. The market’s 0.46% decline aligns with typical seasonal depreciation patterns, slightly better than the pre-pandemic average during the same week of-0.50%. From everyone at Black Book, we wish you a wonderful holiday! #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

🔴 ‘Tis the season for new and gifted cars. However, with inflated MSRPs and challenging financing conditions… this has spelled good news for the used vehicle market. Here’s the data from Fitch Ratings: ✔️Average new car incentives reached 4.6% of MSRP, which cuts into profits less than in previous years but more than it should. This means an increased demand for used cars and extended ownership cycles, as buyers are hesitant to overpay for new vehicles. A higher demand for used vehicles with a limited supply translates to high residual values and we like the sound of that! See more data here: https://heyor.ca/XbsyY6 The Fitch Ratings data treated us well this year; we can’t wait to see what fresh data fuels the new report in the coming months. #retaillistingdata #commercialvehicledata #heavydutytrucks #autodata #autoinsights

We’re bringing data for the future of the automotive industry. Our customizable data and insights interface with every part of the automotive industry, with no hard-copy book and no waiting. Black Book offers many high-powered features, including: ⚫History Adjusted Values ⚫Enhanced Vehicle Matching ⚫Battery Adjusted Values ⚫Residual Value Insights ⚫And more Data fuels informed business decisions. And good data does it even better. Try the new Black Book and experience data for the Future. Talk to a product specialist today. https://lnkd.in/eVPF2cgR #trends #data #autodata #portfolio #Data #Analytics