Top Remarketing Trends from this Week’s Used Car Market Reports

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by Jon LeSage, editor of Used Car Market Reports

Here’s 10 of the top used/pre-owned/remarketing trends gleaned from this week’s Used Car Market Reports:

  1. Ricky Beggs and the Black Book team saw that there’s been more activity lately in rental and fleet/commercial lanes than in dealer lanes.
  2. Black Book also saw a lot more offerings in late model, rougher condition vehicles in the lanes.
  3. Cars continued to soften and trucks continued to improve in value.
  4. Commercial vehicles had a major announcement from Polk – used truck registration increased 9% in the first half of this year versus only 1% for new truck registrations.
  5. Polk also found used transactions during 2nd quarter of 2013 calendar year were highest since 2nd quarter of 2011 calendar year, reflecting continued demand for clean used equipment.
  6. Kelley Blue Book predicts that new vehicle sales will hit 15.6 million in SAAR in August.
  7. Wholesale values have remain strong for the month, even though lease volume is up.
  8. The average price of late-model used cars increased just $15 in August to $22,193, a gain of less than a tenth of a percent compared to July, according to Cars.com.
  9. Luxury vehicles saw the biggest numbers on both prices increases and decreases, according to Cars.com. Infiniti QX56 and BMW 528i led increased with prices edging up 2%.
  10. Mid-size cars was the largest segment in three leading used market states (California, Florida, and Ohio) and pickups led the way in Texas during July. This comes from Cross-Sell’s “Snap Shots” report.
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