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Dealers Not Seeing Many ‘Bargains’ in the Lanes
Black Book editors explained how last week’s level of wholesale price adjustments confirmed a dealer comment their survey personnel shared.
The amount of adjustments came in at 61 percent, extending a streak of four weeks in a row with a level at 60 percent or higher and prompting one dealer to tell Black Book that “no bargains mean plenty of buyers.”
Furthermore, Black Book editorial director Rick Beggs indicated the 1,874 vehicles adjusted per day a week ago constitute the second-largest level of adjustments during a “strong” March market. more…
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25 Used Cars Attracting Online Shoppers
Topping the next-closest model by 3,350 online visits, the most-researched used vehicle on KBB.com for March was the Honda Civic.
It generated 53,848 visits and was followed by the Honda Accord, which received 50,498 visits.
Third on the most-researched used list was the Toyota Camry (47,450 visits), while the Toyota Corolla was fourth (34,452 visits), and the BMW 3 Series was fifth (33,673).
In the No. 6 slot was the Nissan Altima (29,590), and the Honda CR-V (24,622) was in seventh. more…
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Used-Car Prices See ‘Slight’ Drop This Month; Declines Expected to Continue
As supply loosens and the industry looks forward to the promise of more off-lease supply this year and beyond, downward pressure to used-car prices may change the prices on the lots a bit this spring.
An entry in Cars.com’s “Kicking Tires” blog indicated that late-model used-car prices saw a “very slight” decline in March, with the average asking price in Cars.com vehicle listings down by $31, as it came in at $22,619.
“Prices for 2010 to 2012 used cars are down just $43 from the beginning of the year, or less than 1 percent,” reads the blog post, which was authored by Mike Hanley of Cars.com.
At FenderSplendor® Paint Meters we have seen sales of Acura, Ferrari, Bentley, Aston Martin, Rolls all increase in the last year. We now provide Paint Meters to many of the must successful luxury car dealers.
Flint AA Set to Bring in More than 1,000 Dealers for Special Sale
More than 200 Chevrolet Corvettes and 200 classic/specialty cars will roll onto the grounds of Flint Auto Auction next month for its annual Corvettes and Classics Sale, where more than 1,000 dealers are expected to be in attendance, according to the auction.
Beyond the 1,000-plus dealers expected to be on site for the April 10 sale, auction John Luce is also projecting strong online attendance, as well.
“The Corvettes and Classics Sale has become a grand tradition at Flint Auto Auction and certainly one of the highlights of the season,” said Luce. “The Corvettes and Classics Sale is a sure sign that spring is in the air at Flint Auto Auction, and with the upturn in the economy and the optimism that’s already present in the market, we expect a particularly exciting sale this year.”
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Used Values Should Help Quell Concern of Record-Long New-Car Notes
J.D. Power and Associates’ Power Information Network explained why the strength of used-vehicle values should alleviate concerns about financing terms on new models rising to record lengths.
Analysts found that the percentage of new-vehicle retail sales connected to a 72-month or longer loan is at a record amount, reaching 32.1 percent in March, an increase from 30.4 percent in March of last year. more…
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How Many Cars Did NAAA Auctions Sell in 2012? Read more: Autoremarketing | How Many Cars Did NAAA Auctions Sell in 2012? http://www.autoremHow Many Cars DidHow Many Cars Did NAAA Auctions Sell in 2012?
In a year of “encouraging” signs for the auction business, the amount of volume flowing into National Auto Auction Association member facilities climbed more than 6 percent in 2012, and sales for these auctions nearly reached 8 million units.
That’s according to NAAA’s 16th annual survey of its members, conducted for the association by CliftonLarsonAllen LLP of Arlington, Va. The survey — which did not include upstream sales — indicated that NAAA members moved about 7.9 million units last year, generating $72.7 billion in sales.
There were 14.6 million units that entered these auctions in 2012, which marked a 6.4-percent gain. The conversion percentage fell 1.7 percent. more…
FenderSplendor® Paint Meters are used around the World by Car Dealers who want to make sure they don’t pay the price for missing paintwork.
The world’s best new cars at the Geneva motor show
European car sales might be down, but there were few signs of austerity at the 2013 Geneva motor show, where Ferrari, Rolls-Royce and Bentley all unveiled new models.
In this video, Telegraph motoring experts Andrew English, Leo Wilkinson and Paul Hudson report from the 83rd Geneva show, giving you their views on Lamborghini’s Veneno, the Rolls-Royce Wraith, Alfa Romeo 4C and Bentley Flying Spur.
Andrew English also reports on the 300mpg-plus Volkswagen XL1, whle Leo Wilkinson takes a seat in the 217mph McLaren P1 and we track down an unusual three-wheeler, the Toyota i-Road. more…
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Geneva motor show 2013: top five concept cars
The 2013 Geneva motor show was dominated by the launch of new production models, the most interesting of which were mega-money supercars and luxury cars. There was a definite sense that the big European brands are keeping their powder dry for the Frankfurt motor show in September, so concept cars were unusually thin on the ground.
Japanese and Korean manufacturers picked up the baton, however, displaying some striking creations that could become a production reality before too long. Here are the five best: more…
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Rolls-Royce Wraith rolls out at Geneva motor show
The Rolls-Royce Wraith, which debuted Tuesday at the Geneva motor show, is not just a two-door version of the Ghost.
Rolls-Royce wanted this car to stand apart from the Ghost in its lineup and appeal to well-to-do drivers who crave a bit of excitement. Goodwood calls the Wraith the “ultimate gentlemen’s gran turismo.” That helps explain the flowing coupe roofline.
The Wraith shares many of the Ghost’s mechanicals, including the V12 engine. But the Wraith’s engine produces an extra 61 hp, for a total of 624, pushing the car from 0-60 mph in 4.4 seconds, whereas the Ghost takes 4.7 seconds to make that run. Peak torque of 590 lb-ft comes on at 1,500 rpm. Continue reading