From the monthly archives: October, 2011

We are pleased to present below all posts archived in 'October, 2011'. If you still can't find what you are looking for, try using the search box.

Used Prices Continue to Remain in Positive Territory

Auction prices for the week of October 18th – October 25th showed a mild continuation of the declines we have been seeing during the past few weeks.  Data on small cars continued to drop but at a rate just less than 1% for the week based on our tracking vehicles.  This represents the smallest week to week decline since late August.  Meanwhile truck prices showed little movement during week with prices on most vehicles remaining flat compared to last week’s values. At the subsegment level the largest declines for the week were on luxury models, minivans and mid-size cars with ...

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Compact Car Prices – What Goes Up…

As is customary for this time of year, increasing numbers of off-rental units have been finding their way to the auction over the past couple of months.  Historically, rental companies reduce the size of their fleets at the end of the busy summer months, and as a result, large quantities of late model cars, utility vehicles, and minivans find their way to the auction.   Typically this concentrated mass of weight will abnormally depress used prices for a period of time, especially on those models with a sizable rental penetration rate, before prices stabilize and even move back ...

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October Auction Price Update

Today’s AuctionNet report with prices for the week of 10/11 – 10/18 showed small car prices continuing to decline at a similar pace first witnessed in early September.   The declines in October exceeded NADA’s expectations meaning that NADA trade-in values for October will be slightly higher than auction results for the remainder of the month.   We have seen slightly higher declines on Civic and Prius models where declines for the first 2 weeks of October are around 6% compared to September’s average price. On a lighter note prices during the week for Prius models stab ...

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Join In to Discuss Wholesale & Economic Trends

On Wednesday, October 19th at 2:00pm I will be joining a panel webinar with Ira Silver and Frank Hackett from NAAA.  Mr. Silver will be addressing the economy and automotive market.  I will be discussing how NADA utilizes our industry leading database of vehicle transactions to create the values we publish in our Official Used Car Guide and in our online products.  This discussion will go into details on how NADA uses transaction data to align market data with our published values from a content standpoint.  In addition I will discuss the methodology behind our values and ...

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UAW Deal – A Healthy Step for the Automotive Industry

October 14th is an important day for the automotive industry. It marks the day that Ford employees may or may not ratify the new UAW agreement.  The agreement with Ford is similar to the one already ratified by GM, which in a nutshell, has several key provisions: 1. Rewarding employees with bonuses instead of pay raises 2. Promises to “insource” jobs which will bring a lot of manufacturing jobs back to the US, while also expanding capacity at many plants. For details on Ford’s investments go to: http://tinyurl.com/6xtylyt 3. Buyouts of higher income emplo ...

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September Sales Recap

In my market summary for September I stated that “during the 4th quarter we expect the strength of the used car market to help fuel new vehicle sales and we should see demand shifting back to the new market as incentives increase primarily from the Japanese manufacturers.  Incentives on new vehicles are still relatively low for most segments meaning that manufacturers still have the potential to drive additional sales without creating negative implications on brand strength, profitability and used vehicle prices. “  I was wrong… in a sense.  Instead of demand shifting between ne ...

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