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The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.
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General Motors has launched its Factory Pre-Owned Collection portal to offer used Chevrolet, Buick, GMC, and Cadillac vehicles to online buyers.
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GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.
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Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.
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The average age of New Zealand cars has reached 14 years for an increase of 3.5 years in the past 15 years.
Read More →J.D. Power and the National Automobile Dealer Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The transaction is expected to close early in the third quarter of 2015.
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The depreciation rate for cars is expected to outpace trucks and vans, which will be aided by strong demand from small fleet buyers.
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Next year's wholesale market will see more off-lease and program vehicles in the market, as well as competition from incentivized new cars. Are you up for the new remarketing challenges?
Read More →The U.S. Dept. of Energy and the EPA now offer an online tool that allows users to create digital and print fuel economy labels, for example for use when selling a used vehicle.
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The supply of used vehicles entering the market in 2013 is increasing, creating a “pretty solid” environment for resale. The remarketers of tomorrow may face some challenges.
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