2013 Ends With Stronger Vehicle Retention
According to Black Book data, used vehicles model years 2008-2012 overall depreciated -1.4% in December, slightly better retention compared to the -1.7% rate in November. Domestic cars depreciated -1.6%; import cars were -1.3%; domestic trucks were -2.0%; and import trucks were -1.0%. Average pre-recession depreciation is historically between -1% and -2% monthly. For all of […]
DamageMAX Study on Impact of Salvage Title Brands
DamageMAX has done a comprehensive study on the impact of salvage title brands on repaired and damaged vehicles. Over five million wholesale vehicle transactions were including in the analysis looking at trends in value diminution for salvage (rebuilt) title brands. Here are key findings from the study and analysis on its significance from Dealer Digest […]
NADA UCG on What We’ll See in 2014
NADA Used Car Guide expects another phenomenal year in 2014. Lease and fleet returns will increase supply for more CPO sales.
A Good Remarketing Year for Dealers
Leasing inventory will grow 18% or more and the lending cycle is becoming more competitive – giving dealers more choices.
Vehicles Up to 8 Years Old Rise 0.4% in 2013
Jonathan Banks Senior Director, NADA Used Car Guide: After declining 1.5% in November, depreciation rates declined for the second month in a row during December; wholesale prices for units up to eight years old fell by 1% from November. For the entire year of 2013, the average price of units up to eight years old […]
