Damaged cars from heavy hail storms have recently made it to auctions in Colorado. Black Book analysts were able to act accordingly to many of the sold units with their dings from severe weather that don’t end up in computer summary sheets of sales. Availability of used cars in the market continues to increase, giving buyers more options – though overabundance of supply isn’t there yet in the four-to-five year old range.
Gasoline Price Volatility is Again a Topic at the Water Cooler:
Real concern has to do with factors in Middle East and expected gas price increases.
New Vehicle Sales Bringing More Trade-ins and Wholesale Supply:
Add in traditional seasonal summer softening goes with reports that prices are leveling off and adjusting down slightly.
Truck Market Continues to Trend with Lower Depreciation Levels than Cars:
While trucks have been depreciating, the change level is still lower than last year.