With all of the changes and the number up and down the overall dollar change week over week is a decline of -$103. But, even with the level of changes today, there is still a pretty solid and active market within the wholesale channels.
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U.S. dealers are on track for near-record used-car sales in 2014 thanks to the retail financing environment and growth in the certified pre-owned market.
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The average price of a used vehicle for model-years 2008-2012 overall dipped slightly during May, the beginning of a summer season that typically sees higher depreciation compared with spring levels.
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Kelley Blue Book introduced range-based pricing for used-car values, following the debut of its new-car ranged-based values in October 2013.
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Off-rental units, which were in greater abundance in March 2013, were a driving factor in this March’s results.
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Dominion Dealer Solutions announced the addition of NADA Used Car Guide data to its equity mining product, DealActivator.
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The Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season, increased 2.2 percent during the quarter and was 3.3-percent higher than a year ago.
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For this collection of recommendations, KBB.com editors compiled a list of all 2004-and-newer used cars with a Kelley Blue Book Retail Value of less than $8,000 as of February 2014.
Read More →Wholesale prices were down in February vs. January, atypical of their seasonal pattern, but were up modestly on a year-over-year basis.
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The used-vehicle market has always been driven by supply and demand. In the 2013 calendar-year, vehicle supply in the wholesale market continued to be tight relative to demand, helping bolster resale values.
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