Auction Genius has had much influence in the remarketing space this year, making alliances with several companies to offer more upstream remarketing services. Now part of vAuto, Auction Genius has just made another alliance to expand its offerings. SmartAuction, Ally Financial’s online used vehicle auction, is working with Auction Genius and the arrangement provides registered […]
UV values were relatively flat in October w/ scant 1.5% drop overall, putting them down only 1% year-over-year; Prior to arrival of Hurricane Sandy, auction activity had settled into typical 4th quarter seasonal slowdown; Values could creep up as inventory shifts to East Coast to assist recovery efforts.
There’s a great deal of uncertainly around the short-term effect of Hurricane Sandy on the used vehicle market, says Dan Galves, Editor of Galves Auto Price List. The market will have to be watched closely to not over-react to what could be a temporary blip.
October was difficult month and saw what we think will be large percentage of yearly erosion; hardest hit continued to be…
The rest of the market fell predictably with the exception of some of the scarcer segments like…
Demand for used vehicles will invigorate later, but in the short term you can expect diminished demand as dealers…
Click here to read more details on what Galves Auto Price List sees coming up in the months ahead…