Toyota Has Low Initial Expectations for Selling RAV4 EV
Toyota introduced its RAV4 EV last week during EVS26 in Los Angeles, with an MSRP of $49,800 when it goes on sale this summer. It will be more than double the price of its internal combustion engine version, and is eligible for a $7,500 federal tax credit and state rebate programs. It comes with a […]
Inventory Levels – May 2010 to January 2012
• Pent-up demand may continue to bolster sales growth in months ahead for Toyota and Honda • Toyota and Honda have continued to maintain inventory well below their pre-earthquake levels • As of March 1 of this year, Japanese manufacturers had 46 days supply of vehicles available for sale, considerably less than the 61 days […]
NAAA Auction Industry Report – Q1 2012
Dr. Ira Silver National Auto Auction Association NAAA Economist NAAA Auction Industry Report – Q1 2012 Used retail car sales followed new sales up w/ year/year increase of 9.4% in 1st quarter. Expect used retail sales gains to moderate and are looking for about 4% increase this year to over 40M and a 5% increase […]
Joe George Expands Duties in Digital Marketing and In-Lane Products
Digital marketing, mobile applications, and online upstream channels continue to make their way through the remarketing arena – Auction Genius and OPENLANE provide clear examples. Manheim has promoted its Manheim Digital head to a new position to expand the role – Joe George is now Senior Vice President, Digital and In-Lane Product Development. He remains […]
Manheim Used Vehicle Value Index – April 2012
Tom Webb Manheim Consulting Chief Economist Manheim Monthly Index – April 2012 Auto industry has significantly outperformed overall economy in recovery, and pattern continued in April when new and used vehicle sales continued to show strength. Manheim Index was at 126.1, down slightly from March 126.2 in March and 126.6 in April 2011, though valuations […]
