Used Vehicle Values Keep Trending Down
But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
Report shows interest rates, continued high prices cramping volume.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
Entering a vehicle's VIN number connects to an online database of over 500 million records.
Dealership profits have peaked due to rising interest rates, inflation, and low consumer confidence, but they are still 2.4x higher than before the Pandemic.
Lexus (Premium) and Honda (Mass Market) receive brand awards; Kia receives most model awards.
Fully virtual and digital warranty and service-contract provider supports auto and consumer warranty industries.
Rankings based on latest Kelley Blue Book reports.
The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical for this time of year.
Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).
The Estimated Average Weekly Sales Rate dropped to 53% last week.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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