Jitters Index – July 2013

  • CNW Research’s unique “Jitters Index” showed stability in July
  • It reached the same slight increase as the previous month and .67% over year ago
  • The Index looks at economic measures affecting vehicle purchase decisions including federal taxes, gas prices, child education, and job stability
 

Top Performing Dealers in Used Vehicle Sales

1. Used vehicle sales and dealer revenue had a great year in 2012.

2. Victory Automotive Group was top in retail used car sales at 21,071 units sold.

3. Greenway Automotive had the best retail used revenue at $264.3 million.

4. Carl Gregory Enterprises sold 3,659 units to top wholesale sales.

5. Carl Gregory Enterprises also was No. 1 in wholesale revenue at $20 million.

 

A Great Time for Consumers to Shop for Used Cars

1. The used car price peak of 2011 has been slowly falling since that year.

2. It had reached highest level ever seen by Manheim Consulting since it began recording its index in 1995.

3. Expected to decline gradually through remainder of this year.

4. Consumers are seeing some real values out there, especially if they’re looking for a small car or hybrid.

5. Economically, it’s appealing to workers rejoining the workforce, or anyone else worried that new car payments have become too steep.

 

ALG Sees Slight Residual Value Drop in this Reporting Period

Eric Lyman Director of Residual Value Solutions ALG ALG expects residual values to decline 0.7% during the July/August time period covered in its Industry Report. Gasoline prices were down with -0.1 percentage point impact in segments with strong fuel economy and +0.1-ppt impact in segments with poor fuel economy. The overall macro impact for July/August […]

 

Auction Lanes See Slight Price and Volume Decline

Ricky Beggs Editorial Director Black Book Where two weeks after the Fourth of July brought an uptick in wholesale activity at auction lanes, last week’s price change levels were very similar to the previous week, while the activity actually slowed back down. Dealers and remarketing specialists were asking the Black Book team what they were […]