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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Certified pre-owned (CPO) vehicles have become an increasingly significant part of automakers' sales and marketing programs. According to a new study conducted by New Jersey-based research and consulting firm, TechnoMetrica Market Intelligence, CPO sales are expected to reach approximately 1.6 million units by year's end, up significantly from the 516,000 units sold in 2000.
Read More →Chrysler Group,demonstrating its growing presence within the Certified Pre-Owned Vehicle (CPOV) segment by offering one of the most comprehensive coverage packages for certified pre-owned vehicles, posted sales of 7,857 certified pre-owned vehicles September, an increase of 23 percent over September 2003 sales. Third quarter sales improved 18 percent to 23,877 units, while calendar year-to-date
Read More →Edmunds.com, reported that the average manufacturer incentives per vehicle sold in the United States was $3,146 in September 2004, up $425 or 15.6 percent from August 2004, and up $524 or 20.0 percent from September 2003. This is the highest industry average since Edmunds began tracking manufacturer incentives in January 2002, and Edmunds. believes incentives have never been higher.
Read More →The International Automotive Remarketers Alliance (IARA) announced that its online remarketing education modules are available for use through the Northwood University online adult education program.
Read More →Wheels Inc. presented its Remarketing Vendor Awards at the National Auto Auction Association’s (NAAA) 56th Annual Convention and Expo held on Sept. 29-Oct. 3, 2004 in Nashville.
Read More →In a move that signals increased industry adoption of its financing solution, Fourth Fleet Financial, an auto financing company, has expanded its agreement with Remarketing Services of America, Inc. (RSA), a unit of Fiserv.
Read More →Ford Motor Co.'s all-new Five Hundred sedan and Freestyle crossover vehicles are projected to have an estimated resale value that is among the highest of any Ford car in recent memory, according to the Detroit News newspaper.
Read More →Honoring the nation’s top auto auctions for exceptional performance, Bank One presented them The One Award at this week’s annual reception and award presentation in Tennessee.
Read More →At the National Auto Auction Association (NAAA) Conference, held Sept. 28-Oct. 3 in Nashville, Onyx Acceptance Corporation announced its new Auction of the Year Award Program.
Read More →Carfax has joined American Honda Motor Co. in support of its Honda and Acura Certified Pre-owned programs (CPO).
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