ADESA Wholesale Prices – October 2012
- Wholesale used vehicle prices in October 2012 averaged $9,742 – up 2% compared to September and down modest 1.4% relative to October 2011
- Prices were actually declining during 1st half of October, but more than made up for lost ground during 2nd half, says ADESA Analytical Services’ Tom Kontos
- Indicates dealers may have been responding to auction closings and anticipating supply shortages resulting from Superstorm Sandy
Kontos Kommentary – October 2012
Kontos Kommentary – Oct 2012
Impact of Hurricane Sandy on Retail Used Vehicles, by Art Spinella
CNW Research’s Art Spinella looked at the impact of the hurricane on October retail used vehicle sales. While November used vehicles prices are increasing, CNW Research reports that October’s numbers were hurt by the hurricane.
Volumes were up over last year, but when it came to used vehicle values, October saw…
Hurricane Sandy disrupted used-car sales from the mid-month projection, to the tune of…
Franchised dealers lost nearly 83K units in expected sales, and as for independent dealers…
Click here to find out another key market trend in what happened to casual sales, along with other details from the monthly sales report…
Percentage of Used Sales under FICO 670
- Franchised and independent dealers benefiting from ability to find financing for some of more credit-challenged customers
- In January 2010, 27% of consumers getting auto loan had a FICO score under 670
- Has risen dramatically in past few months and now stands at around 42%
Green Across America CNG Road Trip Reaches Finish Line
The “Green Across America” compressed natural gas-powered road trip has come to completion. The tour traveled across 23 states and Washington, D.C. and was led by Antelope Valley Clean Cities Coordinator Curtis Martin, along with CNGChat.com members Evelyn and Gary Corbitt. The Green Across America campaign featured participants from metro areas across the country, from […]
