The loan climate is getting better in the US, and Experian Automotive reports that consumers continued to make timely payments during the second quarter of 2012. It’s lowering the average delinquency rate across all lending organizations – from banks, captives, finance companies, and credit unions. The rate is encouraging more sub-prime loans in recent months.
Dale Pollak, founder of vAuto, offers dealers a “provisioning” strategy for their used vehicle inventories: • Use simulcast and proxy bids in tandem. Used vehicle managers have multiple responsibilities. They actively monitor the simulcast auctions where they expect to find the greatest number of vehicles they need, and use proxy biddings to ensure they’re still […]
Jonathan Banks Senior Director of Editorial and Data Services National Automobile Dealers Association Click here for Guidelines – NADA Used Car Guide – August 2012 Strong demand for trucks offset another weak month for cars in July, and as a result, AuctionNet wholesale losses were a slightly better than expected 2.0% relative to June. The […]
Alec Gutierrez Senior Market Analyst of Automotive Insights Kelley Blue Book Click here for Blue Book Market Report – August 2012 Luxury vehicles have suffered from high price point and consumers less willing to pay premiums w/ values dropping 7% to 10% from year ago, surpassing industry average of 5.4% decline; Another drag on used […]