David Paris's Articles

Used Price Update: Wholesale Prices Remain Unchanged Mid-Month

After increasing by 0.3% on a prior month basis in December, wholesale prices for used vehicles up to eight years in age remain unchanged through the first half of January. This month’s preliminary results are right in line with NADA’s forecast and also what’s typically recorded during January. Looking back to the same period from 2012 through 2014, previous price movement fell within a range of -0.4% to 0.2%.

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Smaller Asian Imports Crushed It In 2014 ― Here’s How

Smaller Asian brands Hyundai, Mazda and Subaru all have a lot to be proud of when looking back at 2014. Each had a hugely successful year in terms of new vehicle sales.  Due in a large part to exciting new products, the brands were all able to ignite consumer interest in their offerings.

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New Toyota Tacoma Aims to Stay On Top Of Mid-Size Pickup Segment

After years of little to no manufacturer attention in the mid-size pickup segment, there has finally been a resurgence in which major brands are either returning to the segment or revamping old products. The 2015 Chevrolet Colorado was recently named Motor Trend Truck of the Year after its absence from the segment since the 2012 model year, and Toyota just announced that it would be showing off the all-new 2016 Tacoma at the 2015 Detroit Auto Show in January.

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2015 Ford Mustang Raises the Pony Car Bar

The Ford Mustang has been one of America’s most iconic cars for the last 50 years. First introduced back in 1964, the Mustang has been a strong contender against rival models ever since. Similar to how the 1964 Mustang provided the original template for the pony car class, the all-new 2015 Mustang has redefined the modern day segment and raised the bar to an entirely new level in the process. The 2015 Mustang is not only powerful in a straight line, but also extremely planted thanks to a complete overhaul of the rear suspension. Gone is the solid rear axle that has been one of th ...

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CUVs Make Big Impression at the 2014 L.A. Auto Show

At the 2014 Los Angeles Auto Show Press & Trade Days, which ran from November 18-20, there were a plethora of exciting new vehicles on display, many of them on the sporty side. Ford impressed with its Shelby GT350 Mustang muscle car, BMW blended speed and versatility with its X5 M and X6 M utility vehicles, and Acura pushed its ILX into sport sedan territory. A set of CUV offerings, however, despite their lack of flash and glamour, arguably made the biggest impression as vehicles most likely to make a significant impact on the industry in the future. Honda HR-V After debuting in ...

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2014 Los Angeles Auto Show Preview

Members of NADA Used Car Guide’s valuation staff are eagerly gearing up to attend the annual Los Angeles Auto Show, which kicks off next week at the Los Angeles Convention Center. Press preview days begin on Tuesday, November 18 and will run through Thursday, November 20. After the press preview days are over, the show will then transition to public days which run through November 30. Lots of exciting new product introductions are scheduled, which should make for a great event. Looking at the press conference schedule, four performance oriented models stand out because of the impo ...

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Lexus and Toyota Expected Reliability Tops Consumer Reports 2014 Survey

Consumer Reports just released its Annual Auto Reliability Survey, and the top two spots look very similar to 2013’s results with both Lexus and Toyota at the top of the list. Among other top contenders, Mazda improved its ranking by two spots relative to 2013 to land in third place, while Honda upgraded its ranking by four spots to secure fourth overall. Rounding out the top five spots, Audi slipped by one position compared to 2013, but still managed to secure the fifth spot overall. Infiniti was one of the biggest disappointments on Consumer Report’s list, dropping 14 spot ...

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Cadillac is Packing its Bags and Heading to SoHo

Can a move save Cadillac from its recent sales slump? General Motors sure hopes so as the automaker recently announced its plan to move its luxury brand headquarters from Detroit to New York City’s super posh SoHo neighborhood. The move is one of the first steps recently appointed Cadillac President Johan de Nysschen is taking in order to turn the brand into a stronger competitor in the luxury marketplace. Another big announcement for the brand is the introduction of a new naming scheme which aims to compete with rival luxury brands. GM says that the next flagship Cadillac will be ...

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Wholesale Update: Used Vehicle Prices Down 3.4% in September

Used vehicle prices for units up to eight years in age are down by 3.4% so far this month, which is slightly higher than NADA’s 3% top-end forecast for the month. That said, the month’s decline remains in line with results of the past few years, as depreciation for September ranged between 2.5 – 3.6% from 2010 – 2013. If September’s figure holds, prices will have a dropped by an average of 3.2% per month since July and it would mark a streak of losses last seen in late-2011. On a prior month basis, the number of 2006 – 2014 model year units sold at au ...

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Mid-Month Update: Used Prices Fall by 3.0% So Far in August

Used vehicle depreciation for units up to eight years in age dropped by 3.0% so far in August, a figure higher than what’s typically been recorded for the month. Looking back to 2011 – 2013, previous August declines fell within a range of 1.6%-2.4%. While August’s depreciation is somewhat out of character for the month, there are a few reasons driving prices down more than usual. For starters, we believe the market is still compensating for the unusually strong spring market that was caused by temporary factors (harsh winter conditions, influx of recalls). The large chunk ...

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