Beggs: Last Week’s Used Car Market Spiked


AutoRemarketing - September 18, 2012

Black Book’s Ricky Beggs con­tends there are two fac­tors that sparked the most active mar­ket edi­tors have seen in two months.

Find out what caused adjusted prices on 2,850+ vehicles.

First, Beggs noted, “Late model vehi­cles, with even slightly edgy miles on the odome­ter, were just not get­ting any attention.”

Next, Beggs men­tioned the other rea­son for the change in whole­sale mar­ket activ­ity “Even though there were plenty of no sales in most lanes, if a truly clean con­di­tion car was cross­ing the block, the buy­ers would sud­denly appear,” Beggs shared.