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This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. Used to apply end-user cookie consent preferences set by our client-side utility. Usually used to maintain an anonymous user session by the server. General purpose platform session cookie, used by sites written in JSP. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. More information on the 2021 Auto Finance Summit is available here. He now leads Black Book’s analytics and data science team, overseeing the company’s development and support of all in-house machine learning algorithms, models and forecasting techniques used in the automotive industry. and Canadian residual value forecasts.īefore joining Black Book in 2015, Yurchenko worked as a data scientist and college professor. Lanzavecchia provides insights for OEMs and oversees U.S.
JD Power acquired TrueCar’s data analytics subsidiary ALG last year. Lanzavecchia brings more than a decade of industry experience, having led business strategy for Hyundai Capital America for two years before joining ALG in 2015. Prior to joining KBB 15 years ago, Ibara spent 10 years as director of financial planning at Mitsubishi Motors North America. Ibara, who has more than 30 years’ experience in the automotive industry, oversees residual value forecasts and consulting practices for Kelley Blue Book. The panelists will provide a look at valuation forecasts for 2022 and beyond, as well as long-term implications of today’s vehicle market. Used-vehicle values are expected to again increase in the coming months as low inventory levels drive up wholesale prices, Smoke noted. Despite modest declines, retention values remained up 19% at the end of July compared with the same period in 2019. In June, retention values on one- to three-year old vehicles surpassed 81% and peaked at 22 percentage points higher compared to 2019, Jonathan Smoke, chief economist at Cox Automotive, told Auto Finance News last month. Retention values reached new highs during the past year amid tight vehicle supply, rising car prices and a hyped used-vehicle market. 29 during the Auto Finance Summit at the Wynn Las Vegas. Eric Ibara, director of residual value consulting at Kelley Blue Book, will join Kristen Lanzavecchia, senior manager of industry insights at JD Power, and Alex Yurchenko, vice president of data science at Black Book, to discuss residual value trends and forecasts at 10 a.m.
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