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There is a shortage of medium-duty trucks in the wholesale market due to the low volume of new units ordered from 2007 to 2010. This inventory shortage is forecast to persist for several years. The net result is higher resale values.
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IRVINE, CA- Kelley Blue Book (KBB) forecasts that values of fuel-efficient vehicles will drop by 15 percent by year’s end in response to stabilizing gas prices and Japanese automakers returning production to normal levels.
Read More →Prices for mid-size cars coming out of commercial fleets fell lower in June and July after hitting new records the previous three months.
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Wholesale used vehicle prices in March averaged $10,549 — a 4 percent increase from February and a 6.8 percent increase from prior year.
Read More →Ford and Lincoln Mercury dealers can conduct online purchases of off-rental vehicles with their existing Ford Signature Floorplan or Ford DEFT accounts.
Read More →The new-vehicle retail market is expected to grow in 2010, with trade-in volume at dealerships improving, but the used-car retail market is expected to remain flat this year.
Read More →Used-car and truck values declined in all 24 vehicle segments, according to the Used Car Market report by Black Book.
Read More →Tom Kontos of Adesa reports that wholesale used vehicle prices in October averaged $9,447 -- a 3 percent decrease from September, but a 9.5 percent increase from last year's October results.
Read More →In his monthly used vehicle market conditions commentary, Tom Kontos of Adesa reports that wholesale used vehicle prices in September averaged $9,742 -- a 2.1 percent decrease from August but a 2.1 percent increase from September 2008.
Read More →"I am yet to find anyone who remembers a time when the market has retained such strength over the summer and into the fall," says Dan Galves regarding current wholesale market conditions.
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