CNW Pinpoints March Used Car Sales
According to CNW Research, 2.7 million used cars were sold in March with Detroit brands making up 64.8 percent of the sales. Franchised dealers made up 34 percent of the total March sales, with an indication that franchised dealers are snapping up a large quantity of the high-quality used cars for their certified pre-owned programs with the average transaction price for franchised dealers at $12,789.
Cost Plus vs. Retail Minus: Separating Fact from Fiction
For many fleet managers, attempting to curtail fuel costs feels like bailing out the Titanic. Retail gasoline prices have been on an upward trajectory in recent years, and higher prices seem to be here to stay. Given this environment, it’s no wonder that discount-oriented pricing plans, such as cost plus, have thrived; in tough times, […]
What’s Influencing the Used Car Market?
No.1: Watch for impact of high fuel prices, but it ain’t 2008 anymore. No. 2: Used supply is tight for now, but how long will it last? No. 3: New and used cars continue to compete for consumer attention on the best deal. No. 4: Market conditions were upended last year by Japanese post-quake […]
March 2012 Kontos Kommentary
In contrast to the mild year-over-year softening seen in January and February, wholesale used vehicle prices rose at a greater than seasonal pace in March, reflecting continued tight supply and strong retail demand. Average auction prices climbed above $10,000 for the first time since last June and more than matched last year’s March/April Spring tax season peak.
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Significance of the Data Audi A3 made bigger strides in fuel economy since 2008 than any other vehicle on US market, says Edmunds.com Increased its fuel economy 38.5%, from 21 mpg in its 2008 model year, to 29.1 mpg in its 2012 model year Edmunds.com found industrywide increase of 16.4% over this period
