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The current estimate of vehicles damaged during Hurricane Sandy is based on claims processed by insurance companies and does not include uninsured vehicles.
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As used car prices come back down to earth, car rental consignors need to make sure they are doing everything they can to enhance the value of their vehicles for sale. Two remarketing experts provide tips of the trade.
Read More →ADESA’s Chief Economist Tom Kontos reported in the latest Kontos Kommentary that average wholesale used vehicle prices demonstrated strong gains in December.
Read More →Kontos said that prices may have shown even more Thanksgiving holiday softening if it weren’t for the strong retail demand and somewhat diminished supply in the Northeast following Superstorm Sandy.
Read More →According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, in October wholesale prices averaged $9,742 — up 2% compared to September and down 1.4% relative to October 2011.
Read More →According to the latest Kontos Kommentary from ADESA's Chief Economist Tom Kontos, September was a good month for the retail new and used markets, as sales and prices were strong, driving demand in the auction lanes and online, according to the September
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Wholesale used vehicle prices declined in August, bringing the Manheim Used Vehicle Value Index to a level of 120.7 — down 2.4% from a year ago.
Read More →After factoring in incentives and lower finance APRs on new cars, purchasing these new vehicles ends up only marginally more than purchasing their one-year-old counterparts, according to Kelley Blue Book.
Read More →The NADA predicts the supply of luxury used vehicles up to 5 years old will decline by 13% in 2012 compared to a year ago, resulting in an average price increase of 1.9% this year.
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As the market adapts to an era of restricted supply, car rental companies hone the process of buying and selling cars to keep fleet costs in line.
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