Kontos Kommentary – November 2012
Kontos Kommentary – November 2012
Post-Hurricane Market Stabilizes in November, Says NADA Used Car Guide
November used vehicle prices were predictable following Hurricane Sandy, according to the NADA Used Car Guide. The market had seen a 2.1% decline prior to the hurricane and conditions improved to see 1% decline in November.
One point of depreciation, or $155 in pricing, was in line with NADA’s estimated forecast of…
While mid-size cars and vans had seen the largest declines for two months before the hurricane, they collectively reached…
NADA expects used vehicle depreciation to essentially match November in December, and then…
Manheim Consulting Offers Broad Perspective on November Market Condition
While November’s wholesale prices were basically flat, the real outcome depends heavily on how you choose to look at it, says Manheim Consulting. It rose by 0.6% with seasonal adjustment and 25% from bottoming out in December 2008.
Hurricane Sandy lifted used vehicle values by reducing supply and increasing demand, and forces will continue into…
Rental car companies have been partially delaying defleeting after the hurricane, with auction prices steady at…
Pickup wholesale prices have remained strong in recent months, which have been supported by increased activity in…
Click here to read summary and entire Manheim Used Vehicle Value Index report for November 2012.
Fall in Love with Subaru All Over Again!
Tina and Ron are both former fleet managers and understand total cost of ownership very well indeed. Subaru has been named the #1 manufacturer in predicted resale value, according to ALG, and the #1 manufacturer selling cars in the US, according to Consumer Reports, Couple these stats with their IIHS and NHTSA safety accolades and Subaru has a powerful story to tell savvy fleet managers.
