Costco Makes Certified Pre-Owned Vehicles Work All These Years Later
While the Costco Auto Program has been around for more than two decades, in recent times it’s added certified pre-owned vehicles. It’s been taking off for dealers in the network. The way that Costco has been growing business is going back to its central core mission of creating value, said Rick Borg, vice president of […]
NextGear Capital Closes $1.55B Securitization
NextGear Capital, Inc., has closed its $1.55 billion securitized bank facility. Led by The Bank of Tokyo-Mitsubishi, the two year securitized facility provides flexibility and significant lending capacity through a large six bank syndicate. The new bank facility should complement the existing privately-placed AAA rated term bond financing that NextGear Capital has in place through […]
Black Book Looks at February Trends and What’s Coming Next
Black Book’s managing editor Ricky Beggs has analyzed used vehicle pricing data for February, along with providing an outlook on upcoming market trends… • Overall, car and truck prices are down on an annual, quarterly, and monthly basis, but cars had saw a wider decline. Cars are down 14.3% since a year ago, down 4.3% […]
North American Production Plans for Cars & Light-Duty Trucks
- A production-demand imbalance would necessitate need for increased incentive spending, putting downward pressure on used vehicle prices
- It appears automakers will remain prudent in their approach to production – 1.5% increase this year in North America estimated
- Reasonable given that new sales are predicted to grow between 3.4% to 6.2% this year
KBB: Auctions Values Were Flat from Previous Month but Up YOY
Alec Gutierrez Manager, Vehicle Valuation Kelley Blue Book Auction values were relatively flat in January in accordance with typical seasonal patterns, declining modest 0.3% overall, though values were up 2.6% on average year-over-year; Though most model years are worth more, 2012 MY vehicles are worth 4% less than used 2011 MY vehicle at this time […]
