Volume Growing and Prices Softening, but Dealers Remaining Profitable

Automotive News - September 9, 2013

While used vehi­cle vol­ume will con­tin­ue increas­ing into 2014 and soft­en prices, deal­ers are expect­ed to con­tin­ue enjoy­ing strong gross prof­its sell­ing them. ADESA’s Tom Kon­tos says that a wider selec­tion of vehi­cles is help­ing deal­ers be more spe­cif­ic to the needs of their mar­ket. Manheim’s Tom Webb thinks “sup­ply will be exces­sive rel­a­tive to demand.” Growth in sup­ply has been com­ing from off-lease vehi­cles, rental return, com­mer­cial fleet lease, and more aggres­sive lend­ing.


    Leave a Reply

    Your email address will not be published. Required field are marked *.