Art Spinella’s Retail Automotive Summary for August

Spinella Art2a

Art Spinella
CNW Research
President

Click here to read com­plete CNW Research report

In August, the days’ sup­ply of used vehi­cles up more than 15% vs. year ago. That will trans­late into softer used prices as deal­ers attempt to shed inven­tory that’s begin­ning to back up on their lots.

Trucks are in Shorter Sup­ply than Cars for Third Month Run­ning:
Mak­ing up less than 90% of aver­age days’ sup­ply com­pared to 120+ per­cent for cars.

Con­sumers More Clear from Online Resources on What Used Should Sell for:
Dri­ving harder bar­gain and find­ing deal­ers, who are see­ing inven­to­ries begin­ning to grow, will­ing to make a deal.

Lat­est Loan to Value Ratio Data Show Rise, Espe­cially for Sub-Prime Bor­row­ers:
Banks are chas­ing after auto loans because of low repos­ses­sion rates and min­i­mum of late-payers.

Tags: