Black Book predicts that 2014 will see a depreciation level of 13.5% — more than 12.8% in 2013 and 12.4% in 2012, but much more stable than what happened to the pre-recession market. The market is expected to reach 16 million in new vehicles sales this year, but the volume of used vehicles should be staying solid along with prices.
Dealers Have Been Great Entrepreneurs on the Remarketing Front:
Finding the right inventory, and not aggressive in selling used vehicles.
Higher Volume of Off-lease Returns Not Expected to Soften Market Much:
Black Book expects 60% of new car sales this year will have trade-ins; that’s more but not enough to soften prices dramatically.
Physical Auctions Aren’t Growing But Are Very Much Appreciated by Remarketers:
Classic car auctions have done very well and make for a great investment.