Retail Automotive Summary – March 2013

NAAA Releases Survey Findings on Auction Industry Trends

Frank Hackett CEO National Auto Auction Association NAAA survey results show slight volume increase in 2012 — sign auction industry will see increases in volume of cars entering and being sold at auction in years to come. Results show strength and depth of a mature industry that despite various challenges has demonstrated its resiliency. Click […]

Retail Gasoline Prices – 2011 to 2013

In first 10 weeks of 2013, average price of regular grade gasoline grew by 46 cents to $3.76 per gallon
Roughly on par with where they were last year at this time
NADA Used Car Guide forecast for this year says gas prices will be higher than 2012 in June through September and down again in October compared to last year

ADESA’s Tom Kontos on What’s Happening in Used Vehicle Market

February wholesale prices were similar to January’s – more in line the general softening pattern that began in mid-2012 but were disrupted by Superstorm Sandy, said Tom Kontos, Executive Vice President, Customers Strategies & Analytics at ADESA Analytical Services in his monthly Kontos Kommentary report.

ADESA Analytical Services’ whole price indicator reached $9,752 for February, down 2.8% from January and, compared to February 2012, was at…

Nearly every single used vehicle segment was down month-over-month from January, except for one segment that saw an increase…

Manufacturer’s remarketed vehicles were up 1% year-over-year, down from January’s 7.7% price increase, but one segment did show February price strength…

Click here to read how fleet/lease and dealer consignors did in February, and other highlights of the latest Kontos Kommentary…

Value Based Shopping Site Launched to Deliver UC Customers to Dealers

At recently started-up AutoSaver.com, one of this week’s hottest deals for car shoppers is a pre-owned 2013 Dodge Avenger with 6,859 miles and a savings of $4,929. It’s sold by a dealer in North Lauderdale, Fla., and when you click on the image, you’ll get to see five other used vehicles for sale at this dealership.

“Most dealers spend an average of $250 to sell a vehicle at local auction, and with no guarantee of even making a profit. AutoSaver.com delivers the ‘ready-to-buy’ shoppers that dealers need to make a more lucrative sale,” Founder Derek White said.

AutoSaver officially launched earlier this month and offers an insightful look at developing changes in upstream remarketing channels. Click here to read all about the new company's mission statement and business strategy....