Trade-ins Are Getting Older, and What Does this Mean for the Market?
Higher mileage trade-ins are becoming the new normal for dealers. Black Book estimates an additional 900,000 trade-in units will hit the market this year, with the majority of them in the 2000-2005 model year vehicles. This is not an easy situation, as vehicles older than 2005 are difficult to finance. Black estimates that most trade-ins […]
NADA Used Car Guide – July 2012
Jonathan Banks Senior Director of Editorial and Data Services National Automobile Dealers Association Click here for NADA Used Car Guide June wholesale prices remained true to seasonal form as softness in demand typically seen in spring helped pull overall market prices down 1.7% compared to May; 60 cent drop in gasoline prices over past two […]
Kelley Blue Book Market Report – July 2012
Alec Gutierrez Senior Market Analyst of Automotive Insights Kelley Blue Book Click here for Blue Book Market Report June saw second consecutive month of used car values declining, since values leveled off in early April; While values still high from historical perspective, Kelley Blue Book believes there’s room for further softening through 2nd half of […]
Guidelines – NADA Used Car Guide Industry Update – July 2012
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Blue Book Market Report – July 2012
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