For further information contact:

                                                       Eric Lawrence

                                        (770) 533-5332 

            ELawrence@BlackBookUSA.com                                

 

June 9, 2009

 

Black Book® Reports Record Number of

Daily Used Vehicle Value Changes

 

 

Black Book, best known in the Automotive and Finance Industries for providing timely, independent, and accurate vehicle pricing data, today announced that the number of used vehicles whose value changed on Monday, June 8th, was 10,036, a single day record.  Of that total, 9476 increased in value, while only 560 declined.  The average dollar increase was $253, and the average decrease was $102.   

 

Ricky Beggs, Black Book’s vice president and managing editor, commented: “We have been updating our used vehicle values on a Daily basis for a little over a year now, and we have never seen the volume of changes in a single day that we saw on Monday; in fact, the 10,036 changes that our editors made is roughly double the previous high.  The majority of the changes that were made were in the “Extra-Clean” and “Clean” categories, which reinforces the idea that really nice, low mileage used vehicles have become fairly scarce due to the drop off in new vehicle sales, and that dealers are willing to pay more for them.”

 

Tom Cross, President of Black Book, added: “Last year we saw selected vehicles dropping over a thousand dollars a day, and many of those same vehicles have been rising steadily since the first of the year. By updating our values every day, Black Book’s editors are able to respond to changes within the marketplace very quickly, and provide our customers with the most up-to-date and accurate pricing information available.  One thing has remained constant - dealers need to keep their lots stocked with inventory if they are going to be successful, and knowing exactly what a vehicle is worth on any given day is essential.”  

 

Black Book Daily is available in a variety of Black Book’s electronic products, including Internet Xpress, data feeds, inventory and portfolio analysis services, and handheld mobile devices.  For more information, please contact your Black Book representative, or visit www.BlackBookUSA.com. 

 

About Black Book

 

Best known in the Automotive Industry for providing timely, independent, and accurate vehicle pricing data, the Black Book® family of vehicle appraisal guides (www.BlackBookUSA.com) is published by National Auto Research, a division of Hearst Business Media.  New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have relied on Black Book since 1955.  Black Book provides values for both new and used vehicles, including cars and light trucks produced since 1946, motorcycles, ATVs, snowmobiles, personal watercraft, and heavy duty commercial trucks and trailers.  Black Book data is published daily in multiple electronic formats including data feeds, Internet-based applications, hand held PDAs, web enabled cell phones, Pocket PCs, BlackBerry and Palm devices, SmartPhones, Micro Browsers, online trade appraisal services, and in a variety of other custom products.  Printed versions are also available on a weekly basis.  Whether you’re buying, selling, or lending, Black Book’s mission is to provide the Automotive Industry with timely, independent, and accurate information to help make the right decisions.