Hello and welcome to this week’s edition of Beggs on the Used Car Market. In last week’s video market blog in addition to some market movement insight, we included a short interview with Paul Seger, Vice President, Asset Remarketing with GE Fleet Services. We have two more of the key industry remarketing personnel interviews from the recent NAAA convention to share with you today. We will bring you some of our weekly market thoughts after these interview clips. Let’s start with Patty Stanley, owner of Carolina and Indiana Auto Auctions and also the current President of the ServeNet Auction Group. We will then share the audio interview of Brad Bollman, Vice President, Remarketing Solutions for GM Financial. I think their thoughts and insight will be of interest to you.

As we looked at the results of the auction activity and the Black Book Editors’ analysis we see overall consistency in the level of change within the cars. It is a slightly lower week over week average segment change of -$71 this past week as compared to the prior week of -$84. When I say consistency, the four week average change during the month of September was -$70. When excluding the high level change of the Premium Sporty Cars of -$168, the range from the lowest change level of -$42 on the Near Luxury Cars to the second highest change of -$80 on the Entry Sporty Cars, is a very minor $38. This is another sign of the level of consistency within the cars.

The truck segments average segment change for each of the past three weeks has gradually declined to only -$14 this past week, the lowest level of change since the -$9 for the week ending June 6, 2014.

Do you think there are any segments that have consistently fared better than the overall car and truck segment average change over the past three months? There are a couple that fit in this scenario for all but one of the twelve weekly periods, the Upper Mid-size Cars and the Full-size Passenger Vans. But there are two that can make that claim for all of the weeks in the past twelve weeks. The Compact Cars are one with the Compact Pickups are the other. The average weekly change for the Compact Cars over the past twelve weeks is -$57, while the Compact Pickups came in with an average change of -$20. If you have vehicles in any of these segments this might indicate some models to stick with a little longer in your inventory, even if they are reaching the limit on your days to turn policy. It might also indicate some models to add to your inventory.

Thanks for your interest in this Black Book market report. We hope to see you back on the auction lanes again this week. We hope you have a great day!