Remarketing Roundup: Auction Declines Were Surprising, NADA on Commercial and Used Car Trends

In this week’s Used Car Market Reports……

For the editorial team at Black Book, and for remarketing professionals they’re talking to, the level of declining activity at auctions kind of caught people off guard. It looks like there will be an adjustment in the floors to get things moving a little faster.

NADA is focused on commercial and passenger vehicles – with Chris Visser and the NADA Commercial Vehicle Market Update and Jonathan Banks with a video recap of the latest NADA Used Car Guide.

Retail sleeper tractor pricing came back with a roar in August, the highest ever seen. August makes for the fifth month in 2013 to set a new record.

The construction segment seems to be showing signs of recovery. The newest used trucks showing two months of upward movement and strong pricing.

Jonathan Banks says that September’s numbers are not what they appear to be.

Check out the latest remarketing trends from industry experts……

Sleeper Tractor-Trailers Saw Record Month in August

Chris Visser Senior Analyst and Product Manager NADA Commercial Truck Guide Retail sleeper tractor pricing came back with a roar in August, the highest ever seen. August makes for the fifth month in 2013 to set a new record. Sleeper tractor-trailers saw an average price of $54,090 – beating June’s previous record by $1,266 (up […]

Market Slowing Down, Pickups Still Seeing Better Return

Ricky Beggs Editorial Director Black Book The level of declining activity after a pretty good fall market has kind of caught people off guard. It’s likely something will give and with the time of the year, the increasing volume of units in the wholesale channels, and comments that many retail lots are pretty full, it […]

TrueCar Thinks October Will See Strong New and Used Sales Volume

Used-car sales are expected to rise this month – the number could reach 3,457,244 in October, up from about 3.2 million in September. TrueCar also thinks the number of new to used will be 1:3 for October. Light duty new vehicle sales (including fleet) should reach 1,241,235 units, up 14.2% from October 2012 and 9.5% from September. TrueCar thinks it will be the best October new vehicles sales since October 2007.

Experian Automotive Releases Vehicle Ownership Numbers

A little more than half of 247.9M vehicles on US roads during Q2 of this year came from 2000 to 2008 model years, said Experian Automotive. That was up from 246.2M in Q2 of 2012, according to Experian’s Automotive Market Trends and Registrations webinar chat. Consumers are owning their vehicles and average of 76.3 months and the average vehicle age was 10.9 years old during that quarter.