Will Incentives be Dragging Down Resale Values? Art Spinella Thinks So
CNW Research President Art Spinella sees new vehicle incentives coming back up that will eventually hit used vehicle values as automakers compete to increase their market share.
In a recent video interview, Spinella points to Ford putting up to about $12,000 on the F-Series pickup – with about two thirds coming from manufacturer cash back and the other third coming from dealer and regional incetives.
Dealers are in a position where they have to discount more and give more on trade-ins to close deals, he said.
Other remarketing experts appear to disagree with Spinella’s warning.
Tom Kontos and NADA Used Car Guide saw incentive spending drop in August and so far haven’t issued warnings on incentives spend.
Wheels Webinar on Remarketing Looked at Upcoming Price Trends
George Belcher and Patrick O’Connor, from Wheels, led a webinar recently on remarketing trends that fleets should be aware of. The US and Canadian markets have seen an all-time high since the US recession hit, but market conditions will begin changing later this year. Economic conditions are gradually getting better, and consumers are taking a very cautiously optimistic approach. The flow of used vehicles will be increasing soon, and prices are expected to soften……..
ARI’s Brian Matuszewski on How Fleet Managers are Implementing Sustainability
Brian Matuszewski, who serves as manager – strategic consulting, sustainable strategies at ARI, spoke about his duties at the company – and what it’s like to be among the growing movement of management professionals focused on sustainability issues. Matuszewski is focused on supporting fleet clients’ efforts to operate sustainable fleets with alternative fuel vehicles, fuel efficiency, and research and consulting services. Fleets are focusing a lot more on reducing emissions and finding the right fit for efficiency.........
ARI Takes Bronze Stevie for Tech Innovation
ARI just won a Bronze Stevie® Award in the category for Tech Innovation of the Year for organizations with more than 1,000 employees at the 11th Annual American Business AwardsSM. This category recognizes notable innovations in technology and new products that have revolutionized the marketplace. ARI received this award for its integrated telematics solution, which […]
Chesapeake Leaves Natural Gas Vehicle Market
Chesapeake Energy Corp. has eliminated its seven-member natural gas vehicle team, which had been responsible for part of the Oklahoma City-based oil and natural gas company’s efforts to develop additional markets for gas usage. Chesapeake has played an important role in adoption of NGVs and development of the infrastructure. Rich Kolodziej, president of Natural Gas […]
