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In response to the slowing demand for Toyota models in the marketplace, Kelley Blue Book has decreased the used-car values of recalled Toyotas for the second time by 1 to 3 percent.
Read More →The decline in values this month reflect “better than normal December activity and value movement” and a more stable market, says Ricky Beggs, managing editor of Black Book.
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 →"Dealers as well as remarketers can view the strength of new- and used-vehicle sales in December as a good precursor to retail demand during the tax season," said Adesa's Tom Kontos in his latest Kommentary.
Read More →Lower new-car sales in 2008, along with fewer trade-ins, off-lease vehicles, and rental fleet vehicles last year contribute to a shortage in used vehicles.
Read More →KAR Auction Services Inc. made its trading debut Dec. 11, 2009, despite making less than expected through its IPO in what was to be used to shrink the company's heavy debt load.
Read More →According to Kelley Blue Book, in 2009, the average vehicle maintained 34.2 percent of its original value after five years in contrast to 2010 models, which are projected to maintain an average of 32.6 percent of their original MSRP.
Read More →Despite the overall decline in vehicle values, auction activity picks up in final two weeks.
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With Rent A Ride USA, entrepreneur Mike Dabish seized the opportunity to launch a successful rental business aimed at body shop customers.
Read More →Low dealer consignment levels and a 30 percent drop in off-rental volumes have kept used vehicle prices afloat.
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