Toyota Tops Black Book’s Retention Value Ratings

Toyota secured the top three spots in Black Book’s latest report on retention values of two-year-old vehicle. The 2011 Tacoma Double Cab topped the list and retained 88.4% of its original value. The Toyota 4Runner came in second on the list with 80.9% retention, and the Toyota FJ Cruiser finished third at 77.7% retention.

FirstLook White Paper Explores Adapting to the Used Vehicle Market Reality

The used vehicle market landscape has shifted gears radically in the past five-to-six years, according to FirstLook’s white paper, “Retail Performance Management.” As for causative factors, FirstLook points to: • Buyers were kicking tires at five or six different dealerships years ago, and that’s now dropped to 1.8 in-person store visits. • As the recession […]

Lower UV Transaction Prices Bring Down Sales Revenue Numbers

Art Spinella President CNW Research The unit volume for retail used vehicle sales was up mildly (0.7%) over year ago, but the prices in April were down quite a bit – 5.8%. The market saw $34.1B in sales revenue for the month versus $36.2B a year ago. Lower transaction prices was the cause – down […]

Revised Blue Book Used Car Report on Mild Spring Market

Alec Gutierrez Manager, Vehicle Valuation Kelley Blue Book Here’s the first used car report edition of Blue Book… The spring market uptick was pretty mild this year, with used car values increasing only 2% in Q1 – below the 3% increase from year before and 6% in 2011. Slight increases in off-lease units increasing supply […]