Australasian Fleet Management Association (AfMA) 2013 Fleet Awards

The AfMA Awards seek to identify advances in best practice in Fleet Management and to bring these to the attention of its members and the industry. Since their introduction in 1996 the awards have recognized new approaches and applications that have produced substantial reductions in costs, lowered emissions and improved safety outcomes. The 2013 winners […]

 

Remarketing Trends from this Week’s Used Car Market Reports

  • Do wholesale and retail used vehicle prices have the same effect on dealers and remarketers as they did 10 years ago?
  • It appears that even if prices decline, as Tom Kontos predicts, other market factors could make up for it.
  • One of those being overall volume of used vehicle sales and another being diversity of product for resale and different channels to remarket through.
  • Perhaps used small and midsize cars could be strong in certain parts of the country as certified pre-owned units. They might have been soft in wholesale markets but can be turned around in retail targeted at niche markets.
  • NADA Used Car Guide saw the overall decline in compact car prices ease in August.
  • Check out what remarketing experts are saying about used vehicle values and volumes……
 

Experian and KBB Work Together on Vehicle History Reporting

Experian Automotive’s AutoCheck vehicle history reports are now available on Kelley Blue Book’s KARPOWER Online. The sales tool is designed to value, manage, and market vehicle inventory online. With this tool, customers also can access Kelley Blue Book Values, including suggested retail, lending, trade-in, certified pre-owned (CPO) and auction values with ease, in addition to vehicle history reports. The partnership also allows for in-depth information on reported accidents, frame damage, or odometer rollback issues. It also features the AutoCheck Score, the industry’s first and only vehicle history score.

 

Wholesale Prices by Model Class Segment – August 2013

  • ADESA Analytical Services saw strong wholesale prices in August 2013
  • Trucks had the best month with a 2.5% increase, followed by cars at 0.5%; with crossovers dipping by 0.2%
  • Kontos does expect that wholesale volumes should keep downward pressure on prices, and increase availability and selection of UVs for dealers
 

August Prices Down but NADA Index Rate is Best for Year

Jonathan Banks Executive Automotive Analyst NADA Used Car Guide Used vehicle prices slipped by 1.1% in August, matching average rate of decline seen in prior 2 months; August market saw bigger drops in past two years – down 1.5% in August 2012 and 2.3% in August 2011; NADA’s used vehicle prices index raised to 124.8 […]