OPENLANE Says Auction Pricing Continues to Show Strength
Wholesale prices remained at peak levels during June, according to OPENLANE, which also indicated that there were month-over-month gains in the prices of minivans and trucks, with cars and SUVs declining modestly from May. Overall U.S. auction prices in June held steady and ended on par with May 2010 levels, representing the highest price levels of 2010 YTD.
Transit Vans, Jeep, Dodge Vehicles on Latest Recall Lists
Ford is recalling almost 34,000 Transit Connect vans, and Chrysler is recalling 22,000 Dodge and Jeep vehicles. The Transit has a roof-related problem that may keep the vehicle from meeting safety standards. The Chrysler vehicles may have a problem with a brake component.
Used Vehicle Prices Remain Strong; Some Weakness Detected
Despite some softness in the market month-over-month, used-vehicle pricing is still "healthy." NADA says luxury models and 4-5-year-old vehicles suffered the most decline. AutoRemarketing, July 12, 2010
International Tops Class 8 Vocational Truck Segment in Satisfaction Survey
International was ranked best in the Class 8 vocational truck segment in customer satisfaction and dealer service. Freightliner and Kenworth followed in the tough market. Quality was thought to suffer due to plant layoffs and shutdowns as sales volume dropped. However, dealers improved service trying to keep customers and attract others.
