Hyundai named Manheim Pennsylvania its 2010 Auction of the Year, citing residual values, quality and customer service. Hyundai moved nearly 4,500 units through the auction last year.
Even before the Arab uprisings in the Middle East, the price of gasoline was heading toward $4 a gallon. Many analysts now see this level being reached sometime this year. Automakers are already seeing an uptick in interest in their alternative-fuel and/or most fuel-efficient models, and are confident sales of those vehicles will increase significantly with the rise of fuel prices.
Kelley Blue Book tracks resale value, and recently issued a list of the best brands and individual models for resale value.
For the first time since September 2010, independent dealers have outsold franchised dealers in the used vehicle category. The numbers are lower for both independents and franchised for used vehicle sales compared to September, which was the six month in a row that both parties sold more than one million used vehicles in that month.