Black Book: February Wholesale Prices Maintain Upward Momentum



Source: http://www.autoremarketing.com/ar/news/story.html?id=11021

AutoRemarketing - March 4, 2010

Situation
Wholesale prices finished up for Feb, says Ricky Beggs of Black Book
63% of all models were up in the last week of Feb; average increase $176
Of 37% that went down in value, average decrease was $213
Significant Points
Premium sporty cars, compact cars were 1st segments to register price hikes
Truck segments also finishing in positive territory
Toyota prices don't seem affected by recall issues
Toyotas starting to return to lanes after fixing problems
Says
"The activity on the auction lanes continues to be extremely strong with most lanes, markets and vehicle segment types garnering much attention and strong bids resulting in increasing used values." -- Ricky Beggs, VP and managing editor, Black Book

"The most frequent comments from dealers are that they are 'having to pay too much' or 'paying more than they did a month or six weeks earlier.' A lack of supply continues to drive the market." -- Beggs

"Over the last two weeks since the repaired recalled Toyota products have appeared back on the auction lanes and dealers' used-car lots, we have seen increased attention at most auction locations for the Toyota products." -- Beggs