November 2021 Automotive Market Update Activity on the lanes slowed down last week, with the Thanksgiving holiday reducing the availability of inventory and the number of buyers actively bidding. Some consignors are known to save their inventory for after the holiday, so we anticipate an increase in volume on the
What to Look for on a Test Drive? You just cannot purchase a car without test driving it first to see whether it is in good driving conditions. The way a car deal goes is that a salesperson first gives you a tour of the car and explains all that
The price of used cars and trucks rose by almost a quarter between September 2020 and September 2021. The index for all items less food and energy rose 4.0 percent over the past 12 months. The index for used cars and trucks increased 24.4 percent over the same time. Used
Why Buying a Car Has Become Easier than Ever Making a car purchase often brings about plenty of anxiety for a consumer. This is usually due to the countless variables that you have to consider before you decide on investing heavily on a car. Nevertheless, as time progresses, things tend
August 2021 Automotive Market Update Wholesale values declined for the seventh week in a row, but sales rates increased as sellers adjusted floors in reaction to the softening market. On a volume-weighted basis, the overall Car segment decreased -0.58%. All three van segments had gained this past week, with
Specialty market Highlights for August 2021: In Powersports, values this month are both of the water-based segments, Personal Watercraft and Jet Boats, and Scooters. The values of used RVs sold at wholesale auctions rose across the board once again last month. In Collectible Cars, the collector car community is looking forward
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Automotive Market Insights – 7/13/2021 Wholesale Prices, Week Ending July 10th Wholesale car values continue to decline after an enormous 22-consecutive week of gains; however, sales conversion rates were also down last week. Car dealers selling cars at auction are expected to begin the gradual and moderate reduction of
Top Automotive Startups To Look Out For in 2021 Although there has been a lot of economic uncertainty and turmoil in the past 2 years, mainly due to the COVID-19 pandemic, things are look bright as ever when it comes to the automotive industry. Taking a welcome shift from traditional
The 2021 Vehicle Depreciation Report Covers the Following Topics: What will drive vehicle depreciation in 2021? Where is the Wholesale Value Index projected to go in 2021? U.S. Auto Outlook for 2021 Key Points: Auto Depreciation Slows in 2020 Full-Size Trucks and Luxury Segments Outperformed Expectations Residual Forecasts Projected to
A quick recap of Auto industry-related headlines for June 2021 Wholesale prices remain strong, however, there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling. Cars segments at +0.75% are the lowest weekly gain in seventeen weeks and
The Used Car Price Inflation of 2021 Our company appraises hundreds of vehicles a month and we’ve noticed a steady rise in vehicle values. The same car is worth more today than it was a year ago. Below is a pricing analysis of the top 5 vehicles we’ve appraised so
May 2021 Auto Market Update The week-over-week increases continued for a sixteenth consecutive week. It is now clear that 2021 will also not have typical seasonality patterns as the market is going through a rapid increase in wholesale values. The spring market arrived about 7 weeks earlier and with much
Dealer Incentives and Rebates 2020 versus 2021 High vehicle demand and reduced inventory caused by factory shutdowns due to covid pushed dealer rebates and incentives down by an average of 25% from 2020 to 2021. In other words, sale prices as a percentage of MSRP are higher in 2021 than
Book1 Top 5 Car Makers by Total Vehicles in Operation Ford, 43 Million Chevrolet, 40 Million Toyota, 34 Million Honda, 23 Million Nissan, 17 Million Top 5 Car Makers by Percentage of Vehicles Older than 5 Years Scion, 88% Dodge, 80% Smart, 76% Chrysler, 75% Buick, 71% Top 5 Car
Collision Repair Estimate on Steady Rise Traffic levels — as well as accidents — plummeted during the pandemic as many people worked from home and rarely ventured out, body shops offset the volume shortfall by increasing estimates beyond normal monetary inflation. She says most shops reported a 15 to 20
March 2020 Automotive Market Update A quick recap of industry-related headlines over the last month: The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices. We have been tracking these week-over-week price changes since 2009 and last week’s overall
Loyalty is defined by consumers who return and buy a new vehicle from the same manufacturer. The percentage shows how many clients return to buy a car from the same car maker. Loyalty List of Car Manufacturers – Alphabetical Aston Martin 51.60% BMW 68.30% Mini 50.10% Rolls-Royce 54.44% Alfa
Auto industry data for March 2021. Wholesale values continued their gains l with all segments reporting increases in valuations. The mainstream car and truck segments had the largest gains, but the luxury segments are also seeing positive momentum. Remarketers raised floors last week and anticipate doing the same heading into
U.S. Automotive Social Media Insights – 2021 February 26, 2021 The U.S. Automotive Social Media Insights report delivers highlights to what customers are saying in their social media discussions about specific cars. The table below outlines the total volume of shared social media articles per car manufacturer or brand, as
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