A summer lull in used auction volume ended this past September, according to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report.
The used car market will face a confluence of factors to make 2016 a challenging year.
Low gasoline prices and pent-up consumer demand should propel new car and light truck sales to an estimated 16.94 million in 2015, according to the National Automobile Dealers Association.
Many of the dynamics in today’s market are eerily familiar to the resale value softness that occurred in the last decade, which ultimately peaked in 2002. At that time, year-over-year increases of off-lease vehicles entering the wholesale market exerted downward pressure on resale prices. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016. What are you doing to prepare for these different market dynamics?
By the end of 2008, the National Automobile Dealers Association expects that about 900 dealers will have closed and 200 will have opened, for a net loss of 700.
Washington’s latest attempt to revive the U.S.auto industry would help a typical family save about $1,500 on a $25,000 minivan.
Prices in all used-vehicle segments were down or flat in the first quarter, contrary to the typical pattern of increasing prices at auctions in the January-through-March period.
JINHUA, CHINA and SANTA ROSA, CA – U.S. electric car pioneer ZAP and China Youngman Automotive Group are reviving the 100-year-old electric car brand Detroit Electric for their automotive joint venture.
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