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April 20, 2016 - Industry News

Black Book Becomes Exclusive Partner of Auction Simplified

Black Book announced today it is now the exclusive provider of vehicle valuation data for Auction Simplified, an online auction service that allows dealers to instantly make vehicle inventory available to wholesale buyers.

Tags: Auction Simplified, Auto Auctions, Black Book, Partnership

April 12, 2016 - Industry News

Vehicle Depreciation Accelerates in Q1, Black Book Reports

The acceleration in vehicle depreciation during the first quarter points to the market reaching the peak of spring, Black Book said this week. While many segments saw noticeable spikes in depreciation, the firm noted, some segments experienced increases in value during the quarter.

Tags: Black Book, depreciation, used vehicles, Used-Vehicle Value

April 6, 2016 - Industry News

ProMax to Distribute Black Book's New Bullseye Prospecting Solution

Black Book's distribution agreement with ProMax will help expand the footprint of its new Bullseye Prospecting solution, a turnkey platform for dealer marketing campaigns.

Tags: Black Book, Bullseye Prospecting, marketing, ProMax

March 29, 2016 - Industry News

Black Book's New Solution Aims to Lower Customer Campaign Costs

In an automotive climate where dealer profits are shrinking and vehicle advertising costs remain high, Black Book's new solution aims to reel in advertising campaign costs to help dealers maintain profitability.

Tags: Black Book, Bullseye Prospecting, Customer Campaign, Vehicle Advertising

March 23, 2016 - Industry News

Black Book, Fitch Predict Vehicle Depreciation Will Reach 15% in 2016

In a joint report issued this week, the two firms said increased supply and incentives will drive higher depreciation in 2016. Auto ABS performance will face pressure, but no material concerns, the firms say.

Tags: Black Book, new-vehicle sales, used-vehicle sales, vehicle depreciation

March 15, 2016 - Industry News

Black Book Becomes Exclusive Partner to DRIVIN

By leveraging Black Book’s pricing information, DRIVIN will create used-car trends and analysis to educate and help dealers make smarter buying decisions.

Tags: Black Book, DRIVIN, software, Vehicle Valuation

March 8, 2016 - Industry News

Black Book: Mid-Size Cars See No Depreciation in February

The vehicle information firm reported that all segments reviewed showed less than 2.7% depreciation except for full-size pickups.

Tags: Black Book, vehicle depreciation

January 14, 2016 - Industry News

Hearst Promotes Black Book's Cross to Group Head of Transportation

Tom Cross was named executive vice president and deputy group head of transportation for Hearst Business Media. He will retain his title of president of Black Book and will continue to report to Hearst President Richard P. Malloch.

Tags: Black Book, executive vice president, Promotion

October 14, 2015 - Industry News

Volkswagen Diesels Showing Higher Depreciation

According to the vehicle pricing firm, Volkswagen diesel models are already showing higher depreciation than their comparable gasoline-powered models.

Tags: Black Book, Diesel Powered, Volkswagen

October 13, 2015 - Industry News

Depreciation On Pace to Reach 14% by Year-End, Black Book Reports

The vehicle-pricing firm reported today that the pace of depreciation in September remained relatively unchanged from August. It expects average depreciation to approach pre-recession levels by year-end.

Tags: Black Book, used vehicles, vehicle depreciation

September 22, 2015 - Industry News

Black Book Identifies Underwriting Strategies for Lenders

In order to manage risk levels and achieve ongoing profitability, lenders need to use collateral and residuals in the underwriting process. That’s according to a new whitepaper from Black Book’s Lender Solutions division.

Tags: Auto Loan Terms, Black Book, lenders, underwriting and collections, White Paper

July 15, 2015 - Industry News

Ricky Beggs Receives NIADA’s Ring of Honor Award

Ricky Beggs, who previously served as Black Book's senior vice president, was honored as the newest member of the National Independent Automobile Dealers Association's prestigious Ring of Honor.

Tags: Black Book, National Independent Automobile Dealers Associatio, NIADA, Ricky Beggs

May 27, 2015 - Industry News

Black Book Releases Spanish Version of Mobile App

Black Book has launched a version of its mobile app for Spanish-speaking dealers, remarketers and other automotive professionals called Black Book Digital en Español.

Tags: Black Book, Dealership, mobile app, remarketing

May 7, 2015 - Industry News

Used-Vehicle Depreciation Remains Unchanged in April

The average price of a used vehicle for model years 2009–2013 remained unchanged in April, according to data from Black Book.

Tags: Black Book, used car sales, vehicle depreciation

April 14, 2015 - Industry News

Black Book Adds VP of Lender Solutions

Black Book has selected Barrett Teague to serve as vice president of its Lender Solutions business.

Tags: Black Book, employment, Hiring, lenders

April 9, 2015 - Industry News

Larger Vehicles in Demand this Spring, Black Book Reports

Larger cars were more in demand this tax season, potentially as a result of low gas prices and improved overall strength in the broader economy.

Tags: Black Book, vehicle depreciation

March 24, 2015 - Industry News

Black Book Adds Chief Technology Officer and Senior VP

Laird Popkin has been appointed to the newly created role of chief technology officer and senior vice president. He will be responsible for all product development and IT operations.

Tags: Black Book, employment, Hiring

March 10, 2015 - Industry News

SUV Values Strengthened by Winter Weather, Black Book Data Shows

Compact SUVs retained the most value in February thanks to cold weather, according to analysts at Black Book. The average price of 2009 to 2013 model year vehicles depreciated by 1.2% during the month.

Tags: Black Book, used car sales, vehicle depreciation

February 17, 2015 - Industry News

Ricky Beggs to Retire From Black Book

Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry, ending a 34-year career with the used-vehicle data provider.

Tags: Black Book, Online Marketing, remarketing, Retirement

February 3, 2015 - Industry News

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation

January 20, 2015 - Industry News

Black Book Activator Adds Account Manager

Black Book has added Christopher Gluth as account manager of national accounts for its Activator Division.

Tags: Black Book, Hiring

January 7, 2015 - Industry News

Used-Vehicle Prices Remain Resilient in 2014

Stronger pricing activity and fuel price trends highlighted a better-than-expected 2014 for used-vehicle prices, which outperformed 2013 levels and beat Black Book’s initial expectation.

Tags: Black Book, used-vehicle values

January 7, 2015 - Industry News

Black Book Selects New Dealer Services VP

Black Book has promoted Adam Mann to vice president of Dealer Services for its Activator Division.

Tags: Black Book, Promotions

December 4, 2014 - Industry News

Black Book: 2014 Used-Car Depreciation Stays Low

As 2014 draws to a close, Black Book expects overall 2014 depreciation for used vehicles to land at -13.5%. Depreciation was slightly less in November compared with October levels.

Tags: Black Book, used vehicles, vehicle depreciation

August 21, 2014 - Industry News

New Industry Summit Track to Examine F&I’s Role in the Digital Age

Two panels scheduled for F&I and Showroom’s newest education track will focus on how dealers are connecting today’s Internet shopper to their in-store processes.

Tags: Autobytel, Black Book, Dealertrack, digital retailing solutions, Industry Summit, Internet Shopper, RouteOne