Remarketing Roundup: What Manheim and KBB Are Predicting in Upcoming Used Vehicle Values

Here’s a roundup of recent used vehicle sales volume and value trends.

  • Tom Webb and the Manheim Consulting team reported that the Manheim Used Vehicle Value Index came in at 122.8 in September, an increase of 1.7% from its year-ago level.
  • September’s increase wasn’t surprising given new vehicle inventory was low with shortages in some key models
  • Blue Book Market Report’s used car study saw auction values for 1-3 year old models at the end of Q3 2013 remain at a three-year high at an average of $17,085 – $280 above the 2012 average.
  • Trilogy LLC has entered the used vehicle segment at a very interesting time.

Read all about used vehicle market trends and analysis for this week……..

 

Trilogy Takes on Lead Generation in Used Vehicle Market

As dealers see growth in used vehicle sales volume, finding the best strategy for lead generation is critical for retaining talented employees and increasing revenue and profits. Trilogy LLC talked to Used Car Market Reports about what it takes reach car shoppers with genuine purchase intent versus what Trilogy’s Michael Richards calls, “artificially manufactured leads. Read on for more……

 

Used Vehicles Days’ Supply – September 2013

  • Days’ Supply of used vehicles is flat compared to August 2013 at 45.93 days, says CNW Research.
  • Some dealers are still strapped for inventory of the most popular vehicles (age and model) but are keeping lots full
  • A growth-driving supply of used cars and trucks now looks to be in 50-days range
 

Six Bills Signed in California that Should Help Deploy Electric Vehicles and Charging

California Governor Jerry Brown celebrated National Plug In Day his own way – by signing six bills promoting electric vehicles and alternative technologies in the state. There was some very good news for those building the charging infrastructure – one of them being Senate Bill 454 (SB 454), which adopts the Electric Vehicle Charging Stations Open Access Act. Multi-family dwelling and non-residential charging station standards have been adopted along with extension of High-Occupancy Vehicle (HOV) carpool lane access……..

 

Key Performance Indicator Spotlight Available For NAFA Members through Utilimarc®

Key Performance Indicators (KPIs) are meaningful, measurable, and actionable pieces of data that are invaluable to fleet managers. This Utilimarc© report spotlights the areas in which KPIs are reported by fleet managers and the business decisions made as a result of tracking a KPI. Utilimarc© is now offering the latest in a series of complimentary reports as a value-added beneifit for members of NAFA Fleet Management Association………