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Used Vehicle Sales Softened and Stayed on Seasonal Course
2013-05-28 02:13:32| AutomotiveDigest.com - Automotive Industry News
Softening of the wholesale used vehicle sales and pricing environment stayed on course rising seasonally but falling annually in April. It was similar to market conditions in March, according to Tom Kontos, Executive Vice President & Chief Economist at ADESA Analytical Services in his monthly Kontos Kommentary. Retail sales also were down year-over-year for 1st time this year. Dealers were still able to see month-over-month sales growth and. April wholesale prices were up 0.7% from March, and down 4.5% from April 2012; the largest monthly increases were concentrated in Retail UV Sales Down Year-Over-Year for Franchised and Independent Dealers; but for month-over-month results, both dealer types saw Click here to read the entire Kontos Kommentary analysis report, that includes sales results on all three of the major auction seller groups.The Article Used Vehicle Sales Softened and Stayed on Seasonal Course appeared first on Automotive Digest.
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Wholesale and Retail Used Vehicle Sales Down in April
2013-05-21 06:45:12| AutomotiveDigest.com - Automotive Industry News
Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services Softening of the wholesale used vehicle sales and pricing environment stayed on course rising seasonally but falling annually in April. It was similar to market conditions in March. Retail sales also were down year-over-year for the first time this year. Dealers were still [...]The Article Wholesale and Retail Used Vehicle Sales Down in April appeared first on Automotive Digest.
Minimize Risk, Expedite Vehicle Sales, Maintain Compliance and Satisfy Borrowers
2013-05-14 18:08:51| AutomotiveDigest.com - Automotive Industry News
Automotive finance lenders need a partner that can support them through every step of the lending or leasing process. Fiserv offers world-class software solutions like Automotive Loan Origination System (LOS) and Account Servicing as well as high-touch outsourced solutions, including customer support, vehicle remarketing and collections programs. Learn more.The Article Minimize Risk, Expedite Vehicle Sales, Maintain Compliance and Satisfy Borrowers appeared first on Automotive Digest.
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Private Party Used Vehicle Sales are Up, Art Spinella Says
2013-05-06 05:30:37| AutomotiveDigest.com - Automotive Industry News
Aprils gain in used-vehicle sales were predicted to be light, up about 1.5%, with most of this increase coming from Private Party sales. Franchised dealers were seeing used car sales go up around 1%, while Independent dealers were remaining static. CNW Researchs Art Spinella has been predicting an increase of private party sales for several months now. Expect the trend toward private party sales to continue for the next four months, but by the end of 2012 you can expect to see. The trend toward lower FICO scores among used-car buyers continues the share of sub -670 credit-score buyers increased to. While retail asking prices were off about 0.76% vs. March, franchised dealer prices were solidly ahead of last year by nearly. Click here to read the last Retail Automotive Summary report from CNW Research with details on franchised and independent dealer used vehicle salesThe Article Private Party Used Vehicle Sales are Up, Art Spinella Says appeared first on Automotive Digest.
U.S. auto sales pace supporting most vehicle inventory since '08
2013-04-26 07:37:32| Auto Dealers - Topix.net
A stable rate of U.S. auto sales is supporting a supply of new cars and trucks that has climbed to the highest since 2008, according to Bloomberg Industries.
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