Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.
ALPHARETTA, Ga. — Twenty senior industry leaders expressed cautious optimism about the economy and the automotive retail industry in White Clarke Group’s annual U.S. Auto and Equipment Survey. The chief executive officers, directors, chairmen and president surveyed by the technology firm were optimistic about new-vehicle sales, which are on the decline but should remain among ... Read More »
PALO ALTO — In 2017, the National Automobile Dealers Association (NADA) celebrates 100 years serving franchised automobile dealers. Next year also marks the centennial of the first evidence of vehicle reconditioning, according to a provider of reconditioning workflow time-to-market software solutions. Rapid Recon issued a press release today saluting the NADA for 100 years of ... Read More »
Looking at December used-vehicle sales, CNW Research noted that a growing percentage of shoppers are searching for vehicles outside of their local market. The research firm also noted that shoppers motivated by online advertising outpaced print newspapers for the first time. Compared to November, 23% more buyers in December went to neighboring areas to make ... Read More »
CARMEL, Ind. — Wholesale used-vehicle prices softened again in September, the fifth monthly decrease in a row, ADESA’s Chief Economist Tom Konto reported this week. The firm found that wholesale used-vehicle prices averaged $9,557 in September, down 0.4% from August but up 0.8% from one year ago. The slight year-over-year gain reflected a higher percentage ... Read More »
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