New Senate legislation will require NHTSA to upgrade several auto safety standards in an effort to reduce traffic deaths by 50%. Lawmakers also want to reduce annual mileage and CO2 emissions.
OPENLANE's January market report reflects activity in actual sales as well as "dealer interest" which can be a leading indicator of prices. Prices were up for cars and minivans over last year while SUV and truck prices were down. Dealer interest from last year is up for cars and minivans and down for SUVs and trucks.
The combination of a recovering economy, an optimistic freight outlook and premium prices for new trucks have turned the used truck business into a seller's market. Prices are up, industry executives said, and likely will remain high through 2011. If there is one piece of advice for truck buyers in the market for a used truck, it may be, "Buy now."
The National Automobile Dealers Association announced that Ally Financial will use vehicle pricing information from NADA Used Car Guide when underwriting consumer auto contracts in 38 states. The change is effective immediately.