Detroit Auto Show a Great Learning Experience for Black Book Team


Ricky Beg­gs, man­ag­ing edi­tor and ana­lyst at Black Book, had a great time attend­ing the North Amer­i­can Inter­na­tion­al Auto Show – lots of new prod­ucts and makeovers to check out. For Beg­gs and the Black Book team, it left a few ques­tions about what all of it means for used car mar­kets. Here are a few find­ings:

Pick­up trucks are expect­ed to grow in used mar­ket price strength through 2012 due to a grow­ing econ­o­my and inter­est in the seg­ment. The show high­light­ed a few of the stars – the Chevy Sil­ver­a­do launch, the Ford Atlas con­cept, and the Dodge Ram 1500 tak­ing Truck of the Year.
Younger buy­ers are being sought out by the lux­u­ry car­mak­ers, with entry-lev­el lux­u­ry mod­els from Euro­pean and Asian car­mak­ers see­ing price reduc­tions. What will this mean for CPO prices and lux­u­ry mod­els on used car lots?
Fuel-effi­cient vehi­cles could be thrown for a loop – they’re pop­u­lar, but there are so many mod­els on the mar­ket, val­ue reten­tion fore­casts will need a new look.



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