August Looked Very Good in Volume and Pricing
Art Spinella President CNW Research August was a very good month for US retail used vehicle sales for volume and pricing. The market saw 4.1 million units sold, and that was up 5.6% versus August 2012. Private Party Casual saw the biggest percentage increase at 7.8%; Independent dealers had a 4.96% increase and Franchised dealers […]
CNW Research August 2013 Used Sales Recap
CNW Aug 2013 Used Sales Recap
Used Commercial Vehicle Registrations (GVW 3-8)
- Used commercial vehicle registrations during 1st half of 2013 calendar year were up more than 9% over 1st half of 2012, according to Polk
- Polk also found used transactions during Q2 of 2013 calendar year were highest since Q2 2011 calendar year
- Strength during 1st half of 2013 reflects competitive market for clean used equipment as it becomes available, siad Gary Meteer, director, aftermarket and commercial vehicle solutions at Polk
Attention Remarketers: Learn All You Can About Mutli-Platform Selling
Remarketing experts like Ricky Beggs, International Automotive Remarketers Alliance, and Auto Auction Services Corp., are keeping their eyes on a major management issue.
Multi-platform selling has become the new “water-cooler topic” in the remarketing business, according to Auto Remarketing.
It’s expected to speed up the wholesale buying and selling process for dealers and consignors – by simplifying vehicle listings through various platforms that are now being joined together.
A listing exchange platform is now being worked out by AASC, Manheim, and other auto remarketing service providers – it will be the industry’s first industry exchange platform to enable sales across multiple competitive platforms.
This may come to market this year as AASC and remarketing companies work together. The momentum is out there, experts say.
Read all about this significant period of transition in the history of remarketing.
Top Remarketing Trends from this Week’s Used Car Market Reports
Here’s a look at the latest activities in auction lanes, commercial vehicles, August new and wholesale, and July used values and segment trends.
Black Book, Polk, and Kelley Blue Book provided data for this week’s Used Car Market Reports.
Ricky Beggs and the Black Book team saw that rental and fleet/commercial lanes have seen more activity lately than in dealer lanes.
Polk tapped into its rich data mine of vehicle registration data to find out something very distinct about used commercial vehicles.
Kelley Blue Book predicts that new vehicle sales will hit a high mark in SAAR during August.
Wholesale values have remained strong for the month. Lease volume is up but it hasn’t yet softened used vehicle values.
