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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