Wholesale prices are staying relatively flat and are expected to inch downward over the course of the current week, according to NADA Used Car Guide. Of all the segments it tracks, large pickups and midsize cars are the only segments that are not expected to fall; they will remain flat this week, NADA UCG predicts. [Read More]

Kelley Blue Book Market Intelligence’s Quick Stats Poll for August uncovered results that aren’t favorable for a franchised dealer’s used-car department or an independent store. KBB said that many consumers now believe that foregoing a new-vehicle purchase and opting for a lightly used-newer model may not always be the wiser or thriftier purchase decision, as […] [Read More]

With 2011 model-year units recently added to its data set, Black Book has provided used-vehicle value information on these two-year-old units and broke down which segments' prices have climbed the most. The firm compared the current values of 2011 model-year units to the current values of 2010 model-year units for each of its 10 car […] [Read More]

Manheim has announced the selection of two new leaders within the company, hiring an industry veteran who most recently worked at Nissan, and promoting another from within. Named general manager of Manheim San Francisco Bay is Tina Novoa, while Jay Waterman has been named general manager of Manheim Albany. Both will assume their new roles […] [Read More]

Edmunds.com is expanding its “Hack Days” program to invite auto industry professionals in to share their ideas on improving the car-buying experience for dealers, consumers and automakers. Edmunds.com has set the date for this two-day “Hackathon” as Nov. 29–30. It will be at the company’s Santa Monica, Calif., headquarters. Industry insiders and other innovative thinkers […] [Read More]

Consumers might take advantage of falling rates and get themselves into a new ride, as prices for both new and used units are sliding, according to Kelley Blue Book. And going against the normal trend, even as fuel prices spike, hitting above $4 per gallon in many parts of the country, the prices of used […] [Read More]

Modestly softer demand in recent months is not an indication that consumers are no longer hungry for used vehicles, according to NADA Used Car Guide. It's quite the contrary. In the latest Guidelines report, senior analyst Jonathan Banks says “numerous indicators suggest that consumer demand for used vehicles continues to grow, albeit at pace slower […] [Read More]

In light of an economic recovery that’s still modest, Kelley Blue Book insisted luxury vehicle values have been hit especially hard during the past several months as new- and used-model values have steadily declined. Seen as consistently underperforming their non-luxury counterparts, KBB calculated that values of used luxury vehicles dropped by 1.7 to 2.5 percent […] [Read More]

The top four most-researched used models at NADAguides.com during August were the same for both this year and last year. Analysts indicated this group included two pickups and two midsize sedans with the Ford F-150 topping the August used search chart each time. Next on the list was the Chevrolet Silverado 1500, followed by the […] [Read More]

In the first half of 2012, it seems shoppers were in the market for midsize vehicles, with the Toyota Camry topping the list of best-selling new vehicles, according to Experian Automotive’s latest vehicle registration analysis. The used Camry was popular as well, selling approximately 394,000 units in the first half of the year. On the […] [Read More]