As tax season begins, dealers may be starting to see the expected value increases that coincide with this time of the year in the lanes, says Ricky Beggs, Editorial Director and Senior Vice President at Black Book. Tax season trends were clear in individual price segment changes. Last week, the percentage of auction price changes […]
Swapalease.com said that its lease credit approvals were up slightly in December (73.3%) compared with November levels (70%). The overall approvals rate on the year finished at 72.7%, compared with a 2012 rate of 65.3%. Holiday lease shopping from a higher population of well-qualified lessees helped improve the credit approval rate from November. Historical marketplace […]
Alec Gutierrez Senior Market Analyst, Automotive Insights Kelley Blue Book Auction values during 2013 finished the year less than 1% lower, in terms of both dollar value and retention, than those seen in 2012. Average auction value retention in 2013 for model years 2012, 2011 and 2010 finished the fourth quarter at 57%, which was […]
Eric Lyman VP, Editorial and Partner Development ALG Economic forecasts for 2014 predict slow improvement, with GDP rising by approximately 2.5%; the Federal Reserve has offset this impact by indicating they will keep interest rates at zero for an extended period of time. The expected overall macro impact for ALG’s January/February 2014 edition compared to […]
How can you secure and find the inventory at the right price, and couple that with what the customer wants?