Posts Tagged 'auto'

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NADA Gears: Daily Auto News

Ford revealed today that Alan Mulally will be retiring and Mark Fields will become the next CEO of Ford Motor Company. Chevrolet announced today the addition of the 2015 Chevrolet Silverado 1500 Crew Cab Special Service Vehicle (SSV) to the brand’s growing police vehicle portfolio. According to Automotive News, Toyota will be moving sales, finance, manufacturing and engineering operations to Plano, Texas. Chevrolet today announced pricing on the City Express, its first entry into the small cargo van segment. 

November Mid-Month Update: Used Vehicle Depreciation Slows Considerably

After diving by 3.5% on a prior month basis in October, used vehicle depreciation eased up substantially over the first half of November with prices falling by 1.2%, a figure in line with NADA’s full-month target of 1.5% to 1.75% and one dramatically better than October’s mid-month fall of 3.1%. At the segment level, mid-size van prices have firmed up the most with depreciation improving to 1.6%, up by more than three percentage points from October’s full-month loss of 4.7%. The stabilization in mid-van prices has come despite 2013 model year volume increasing by 32% or 52 ...

Credit Conditions in Perspective: A favorable credit environment is helping to fuel auto sales

Much has been made of the role pent-up demand has played in the recovery of new and used auto sales – and to a lesser extent, the strength in used vehicle prices – over the past year or so. Slightly less trumpeted has been the progressively important part credit has played in helping to grease the skids for the industry’s performance.   It’s common knowledge that both new and used vehicle prices have risen substantially over the past five years, but historically low auto finance rates have kept monthly payments essentially flat. For example, per Experian Automotive data (which I’ ...

 

    

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