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Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Black Book recently released a new analysis of vehicle depreciation rates, noting that April generally is the end of the spring buying season for used cars and that this was the case last month.
Read More →GAINESVILLE, GA – Black Book reported an overall improvement in used cars over the past week, with the average segment change being -$61, the lowest decline in the past 10 weeks.
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As the market adapts to an era of restricted supply, car rental companies hone the process of buying and selling cars to keep fleet costs in line.
Read More →IRVINE, CA - Kelley Blue Book stated that although values of compacts only increased 0.4% for most of February, during the last week of that month their values jumped 1.3%.
Read More →OAK HILL, VA – The Sales Network, a provider of niche-marketing solutions, released a new website, afcresale.com, designed to aid customers looking to buy and sell previously owned alternative-fuel vehicles and equipment.
Read More →IRVINE, CA – Kelley Blue Book (KBB) announced it will provide weekly used-car information for 51 regions in the U.S. Used-car values include auction, lending, trade-in, private party, certified pre-owned, and suggested retail.
Read More →Today’s high resale values are an anomaly caused by the shortage of used vehicles in the wholesale market due to the extremely low sales of new vehicles during the 2008-2011 timeframe. Nowadays, everyone is a hero when it comes to getting top dollar for their out-of-service fleet vehicles. However, these artificially high prices will ultimately decline as used-vehicle supply increases.
Read More →This comprehensive chart compares used-vehicles prices in different regions of the U.S.
Read More →No one would suggest we ignore the current egregious fuel prices. However, to mimic my personal mantra for the last 50 years, resale values continue to identify the vehicle’s most costly item.
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