NADA Looks at Trends for Different Used Vehicle Age Segments
NADA Used Car Guide expects used prices to fall for the first time in five years, but thinks the drop will be relatively mild, as on-balance, used market fundamentals remain predominantly favorable. Overall, used vehicle market should turn in another solid, though milder, performance in 2013.
For 2013, NADA expects new vehicle traditionalists will continue to shift focus away from used vehicles, bringing a progressive impact toward…
Late-model used supply will increase, but overall supply will continue to fall, and supply for units up to 3 years in age is expected to grow by…
NADA predicts price of units up to 8 years in age will reach an average figure down from 2012’s average price by…
Click here to read NADA's 2012 market analysis and 2013 forecast for a thorough look at used vehicle segment trends…
NAFA’s Phil Russo: Atlantic City Here we Come!
NAFA 2013 Institute & Expo is just days away and this year's event is on track to be an attendance record setter! Phil says, "...there is a buzz around this conference unlike any we’ve seen since before the recession hit and travel budgets were slashed." Earlier this year, we talked with Phil about the upcoming conference and the future of the organization's exciting "Beyond Fleet" campaign launched in 2012.
A New Helmsman at NAFA
Claude will be taking the helm of NAFA Fleet Management Association at the organization's annual Institute & Expo next month in Atlantic City. We asked Claude to talk with us about some of the things he is planning to address during his first term. He is firmly committed to expanding educational opportunities for NAFA's members and has some intriguing ideas about how to enhance them even further.
Natural Realignment Returning to Wholesale Market, Manheim Says
Tom Webb, Chief Economist at Manheim Consulting, sees wholesale used vehicle prices continuing to fall – for the third month in a row. It appears that the market is returning to a more natural realignment with new vehicle prices.
Retail used vehicle sales increased nicely during the first quarter of 2013, with higher off-lease and off-rental volumes leading to…
Trade-ins and end-of-term fleet units kept March retail sales strong, and the retail used vehicle market was also clearly be helped by…
Average mileage for all units sold in auction lanes continued to rise in the first quarter,
while shifts in average mileage and volume sold by price tier…
Click here to read the complete Manheim Used Vehicle Value Index report for March…
Why Not Buy a Diesel-Engine Vehicle?
- For Q1 2013 survey, nearly 20% of KBB.com non-truck shoppers reported considering diesel-powered vehicle
- Among 80% of surveyed shoppers who are not considering diesel, nearly half (48%) reported that higher price of diesel fuel was one of culprits
- 2nd highest reported reason was fact that vehicle(s) in their consideration set are simply not available in diesel
