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Auto Lending Solutions -…

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Ricky Beggs commented on Mike Gibb's blog post 'The Incentive Dis-Incentive'

Very good thoughts. I think we will always have some sort of enticement. When it gets to the $1000 mark I think we can then say that incentives are not driving the sales. David's point is right on as well in trying to get to a great marketable…

May 6, 2011

Ricky Beggs commented on Marcie Belles's blog post 'Used-Car Value Predictions'

The level of trade-ins coming from the new car sales increased levels by 2013 will change the supply level in the market place thus changing from a very limited supply of today that is holding used values strong to a more ample supply in 2013 making…

Mar 18, 2011

Ricky Beggs commented on Marcie Belles's blog post 'Used-Car Value Predictions'

I see a good solid used market remaining through 2012 with the retention values starting a not so robust level in 2013. The why behind this thought is based on used car volumes returning to the market via the increase in lease contracts that…

Mar 17, 2011

2011 New car sales predeiction

Congrats to Chad for 2010 prediction winner. I think we will have a good year for 2011 with my prediction of 12,626,789 new car sales. I still think there is some hesitancy from the consumer side to make the larger $ new car purchase over used.

Blog post by Ricky Beggs Jan 16, 2011

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Ricky Beggs commented on Marcie Belles's blog post 'Take the AutoFinanceNews.net 2011 Car-Sales Crystal Ball Challenge'

Marci, I think we will have a pretty good year even though consumer confidence is not busting at the seems. The real hold back is the consumer can get by with a solid value priced used car and is not ready to spend the higher do9llars for new.…

Jan 14, 2011

Ricky Beggs commented on Marcie Belles's blog post 'Loosey-Goosey Leasing'

The Black Book Editors, experienced in the new and used car market have great tools, a solid and long term data base and a true feel for vehicles in order to project realistic, solid residuals for leasing purposes. These are not projected in order…

Mar 26, 2010

Ricky Beggs commented on Marcie Belles's blog post 'Take the AutoFinanceNews.net Car-Sales Crystal Ball Challenge'

I prefer to report the market as it happens. I will go with 11,498,654. Consumer confidence needs a real boost for the total sales to go any higher and unemployment has to go down, soon. The used market should continue to be very good with prices…

Jan 6, 2010

Ricky Beggs replied to Marcie Belles's discussion 'Trading Down' in the group Auto Lending Solutions - Collections Forum

Marci, Good question. The most likely holdup to this is that many borrowers are still upside down on the existing loan so getting out creates other problems. Ricky Beggs

Nov 30, 2009

CFPA

This group monitors developments at the Consumer Financial Protection Bureau.See More

Ricky Beggs joined Marcie Belles's group Nov 10, 2009

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Ricky Beggs commented on Marcie Belles's blog post 'Have Used-Car Prices Peaked?'

At Black Book we see the peak in values for the year having been reached and for the past 6 weeks now the trending has been softening. We also see it as the fall seasonal adjustment necessary to make room for a new model year of vehicles. Nothing to…

Nov 6, 2009

Valerie Torphy left a comment for Ricky Beggs

Hi, Ricky! Long time, no talk. Yes, I'm still here; thanks for the note. I hope all is well in Gainesville.

Oct 29, 2009

Valerie Torphy and Ricky Beggs are now friends Oct 29, 2009

Ricky Beggs replied to Marcie Belles's discussion 'Depositing the Down Payment' in the group Marketing Ideas

Is it a 100% loan plus the 20% in a deposit account or a 80% loan and the 20% savings deposit? Part of the finance issue I keep hearing from dealers is the consumer can't come up with enough down now on the requested loans to get…

Oct 28, 2009

Marketing Ideas

This group is dedicated to creative discussion about innovative marketing initiatives.

Ricky Beggs joined Marcie Belles's group Oct 28, 2009

4 Comments 1 Like

Ricky Beggs is now friends with Leslie Washington and Brandon Oct 22, 2009

Profile Information

First & Last Name: Ricky Beggs

Corporate Title: VP, Managing Editor

Company: Black Book

Company Description: Automotive information and valuation solutions

City, ST: Gainesville, GA

Ricky Beggs's Blog

2011 New car sales predeiction

Posted on January 14, 2011 at 1:18pm 0 Comments 0 Likes

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At 11:51am on October 29, 2009, Valerie Torphy said…: Hi, Ricky! Long time, no talk. Yes, I'm still here; thanks for the note. I hope all is well in Gainesville.