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April: 2% Decline in Used Vehicle Volume

Used-vehicle sales were down 2% in April, while new-vehicle sales were down 7% year-over-year.

Used vehicle sales decreased 2% year-over-year in April, in large part due to two fewer selling days compared to the year before, noted Cox Automotive in its May 2018 Industry Update.

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Fleet Lease Consignor Prices Up 6.6% in March

Screenshot of Tom Kontos, chief economist, courtesy of KAR Auction Services.

Prices for vehicles from fleet lease consignors increased 6.6% in March and are 4.9% higher than a year ago driven in part by a strong spring selling season that boosted the values significantly from February levels, according to KAR Auction Services.

News

Car Values Start to Level Off

Courtesy of Black Book.

Car values were up for the second month in a row last week, however, the segment's wholesale values show signs of leveling off, according to Black Book’s May 7 Market Insights report.

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Higher Rates Could Hurt Residual Values

Photo via Wikimedia Commons | User: AgnosticPreacherKid.

Manufacturers may choose to absorb higher federal interest rates on new vehicles to keep prices from rising higher than they have been with heavier incentives, but this could have an adverse effect on residual values.

News

Incentives to Propel Car Leases in May

The numbers reveal a number of factories, including Ford, are targeting compact and midsize inventory. Ford offered the most generous discounts on vehicles in those segments.

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Used Sporty and Midsize Cars Drive Growth

Courtesy of Black Book.

Car values continued to rise last week, marking the seventh week of rising car values, driven in part by the performance of sporty and mid-size cars, according to Black Book’s April 30 Market Insights report.

News

Used-Car Values Flat in April

Black Book's Used Vehicle Retention Index for April remained unchanged from the previous month at 112 and has declined by a mere 1% over the last 12 months, the company announced.

News

Used Sporty and Midsize Cars Drive Growth

Car values continued to rise last week, marking the seventh week of rising car values, driven in part by the performance of sporty and mid-size cars, according to Black Book’s April 30 Market Insights report.

News

SUVs Drive Auction Volume in April: J.D. Power

Courtesy of J.D. Power.

SUV segments drove auction volume in March, according to J.D. Power’s April Used Car and Light Truck Guidelines Industry Update. Luxury compact utility volume was up 71.7% and large utility volume was up 27.8%.