November Used Retail Prices Jump Up from Post Hurricane Demand

Art Spinella President CNW Research Prices for used vehicles jumped more than 3.2% in November compared to year before for franchised dealers and nearly 3.5% for independent dealers; Demand came from Hurricane Sandy and resulting used-car inventory losses; Share of asking price for franchised dealers was at 94%, a percentage gain over October. Click here […]

Retail Automotive Summary – November 2012

Retail Automotive Summary – Nov. 2012

 

Hurricane Took Its Tolls but Dealers Still Did Well During Model Year Changeover

October used vehicle sales numbers, like new vehicles, were reduced by Hurricane Sandy, but dealers were still able to post strong gains for the month, says Tom Webb, Manheim Consulting’s Chief Economist

Manufacturers and dealers are continuing to have effective, well-managed model year transitions, which is proven by…

Certified pre-owned vehicle sales did well in October and remained on pace for a new record of more than…

Strength between various price tiers have evened out quite a bit in recent months, which is especially true for…

Click here to find out which price range had a particularly strong month, and other key trends in October’s Manheim Used Vehicle Value Index…

 

Jeff Foxworthy Keynote Entertainer at NTEA’s President’s Breakfast

The NTEA welcomes Jeff Foxworthy, the largest selling comedy recording artist in history, as the keynote entertainer at the President’s Breakfast & 49th Annual NTEA Meeting. Foxworthy, a multiple Grammy Award nominee and best-selling author of more than 26 books, will share his humor and experiences from a diverse and successful 27-year career in the […]