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Remarketing Roundup: Are Residuals Overvalued? Spinella Thinks So
2013-10-24 22:14:44| AutomotiveDigest.com - Automotive Industry News
CNW Research President Art Spinella has a few more provocative points to make new vehicle lease residual value forecasts are being overvalued 5% to 10%. This is being done to get monthly payments lower and beat competitors in new vehicle sales. Spinella is also featured in a video interview with even more provocative things to say. Here he takes apart the usual forecast numbers being placed on new vehicles month-over-month and year-over-year have less meaning these days, he says. Seasonal adjustments arent as real as incentive adjustments. Other remarketing analysts appear to be disagreeing with CNW Researchs warning about leasing being in trouble; one of them being Craig Carrow of Fiserv, whos featured in a Skype video interview. In the weekly market report from Black Book, Editorial Director Ricky Beggs reported that declining gasoline prices are starting to show their usual effect on softening prices coming to fuel-efficient vehicles. Find out more about what used vehicle market indicators are looking like this week.The Article Remarketing Roundup: Are Residuals Overvalued? Spinella Thinks So appeared first on Automotive Digest.
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Category:Automotive