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Edmunds: Used Car Prices Are Softening
2013-11-15 09:00:09| AutomotiveDigest.com - Automotive Industry News
Used car prices have hit their lowest levels in four years, according to Edmunds.com, with softer prices seen as a good sign for used car buyers. Find out more about what Edmunds.coms Joe Spina has to say. [More]The Article Edmunds: Used Car Prices Are Softening appeared first on Automotive Digest.
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Remarketing Roundup: As for Used Car Prices Softening, Its Here
2013-11-14 21:30:08| AutomotiveDigest.com - Automotive Industry News
Weve been hearing a lot about how used vehicle values will be softening. Well, that moment seems to have arrived, with further evidence coming from the Edmunds quarterly report. According to Edmunds.coms quarterly report, post-recession prices hit their peak in Q2 2011 and have just gone down to their lowest level in four years. Whats behind that? Joe Spina, director of used car analysis at Edmunds.com, says that new cars are where the demand is going. Other analysts would point to the impact of off-lease vehicles. Loans for new vehicles are plentiful, which also contributes somewhat to used car prices softening as new cars become a more attractive choice for a lot of consumers. There is good news for dealers in the Edmunds.com report check it outThe Article Remarketing Roundup: As for Used Car Prices Softening, Its Here appeared first on Automotive Digest.
Softening Gas Prices Havent Meant Softening UC Prices
2013-10-16 06:15:09| AutomotiveDigest.com - Automotive Industry News
Black Books Ricky Beggs has been reporting on a surprising trend out in the market yes, gasoline prices continue to fall, but, no, used vehicle prices for fuel-efficient vehicles are not following right behind as they usually do. Entry midsize cars, compact cars, and upper midsize cars have been seeing strong price retention at auction for the past three months, Beggs says. Gasoline prices fell another six cents last week and the national average has dropped to $3.37; so far, its not negatively affecting these segments at auctions.The Article Softening Gas Prices Havent Meant Softening UC Prices appeared first on Automotive Digest.
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Kontos Sees Expected Price Softening Continue
2013-10-16 03:05:24| AutomotiveDigest.com - Automotive Industry News
Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services Wholesale price softening continued in September both month-over-month and year-over-year; It was driven mainly by continued volume growth and fewer retail used units sold; Late model off-rental and risk units bucked the trend, continuing to see year-over-year price growth outside seasonal declines. Wholesale Used [...]The Article Kontos Sees Expected Price Softening Continue appeared first on Automotive Digest.
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KBB Expects Wholesale Softening to Continue but at Higher Level
2013-10-11 00:12:16| AutomotiveDigest.com - Automotive Industry News
Alec Gutierrez Senior Market Analyst, Automotive Insights Kelley Blue Book Auction values for 13 year old models at the end of Q3 2013 remained at 3-year high at an average of $17,085, or $280 above the 2012 average. Values have been down an average of $731 or 4.3% since the beginning of the year. This [...]The Article KBB Expects Wholesale Softening to Continue but at Higher Level appeared first on Automotive Digest.
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