Theres a consensus emerging that prices will be softening later this year due to off-lease returns and from other sources according to two leading experts on used vehicle valuation.
The strong used car price environment looks like it will be changing; however, it should be considered from a big picture vantage point prices might drop but still be fairly high.
And there are other elements of profitable used car sales for dealers that are happening out there in most markets.
As for right now, used prices are strong according to Art Spinella and Jonathan Banks.
Another interesting development was that International Automotive Remarketers Alliances (IARA) standards committee has drafted a template to help financial institutions comply with rules being set by the Consumer Financial Protection Bureau.
This weeks Used Car Market Reports tracks some very interesting remarketing trends..The Article Used Car Prices Will Fall, but it that Really Bad News? appeared first on Automotive Digest.