The Road Ahead for Used Car Sales and Prices (PDF) As the pandemic continues to impact the global economy, the used car market is experiencing a significant shift. According to Laura Wehunt, VP of Automotive Valuations for Black Book, the demand for quality used units remains high, with inventory available
U.S. Car Sales Exceeded Expectations in February (PDF) The demand from both consumers and fleet customers remained strong in February, but automakers are facing a balancing act to maintain profitability with severely underutilized factories. The new vehicle market has reacted well this month, recording sales growth compared to 2022. This
What Auto Brands Are Most Popular With Female Buyers (PDF) When it comes to American vehicle purchases, brands like Ram, GMC, Ford, Tesla, and Dodge have the lowest female share. Market research from S&P Global Mobility estimates that only 17% of new Ram personal vehicle registrations in 2022 have
US Dealer Groups Show Strong F&I Profits in Q4 2022 (PDF) The prospect of rising interest rates in 2023 could affect the finance and insurance businesses of publicly traded franchised dealership groups. Six publicly-traded franchised auto retailers might be experiencing a leveling off in their finance-and-insurance gross profit per
Used Car Sales Drops to its Lowest Level in Nearly a Decade (PDF) As a result of volatile economic conditions and consumers’ concerns about affordability, used vehicle sales in 2022 fell to their lowest levels in nearly a decade. Used-vehicle sales in the past decade Year Overall Retail 2022
GM Regains Top Spot in U.S. Auto Sales (PDF) The United States auto sales market in 2022 was dominated by General Motors, which outperformed rival Toyota Motor as it was able to meet strong demand for cars and trucks while facing supply shortages. After General Motors reported a 2.5%
How To Buy a Car The Right Way In 2022 (PDF) Car shoppers don’t enjoy the process of searching for a vehicle at all. They typically feel like they’re getting ripped off by higher prices and smaller inventory, but it doesn’t have to be this way! Before the pandemic
Volvo Sales Remain Up Despite Supply Chain Issues (PDF) Volvo has been one of the biggest car manufacturers on the market for quite some time. The Swedish company sales were up nearly 9% year-over-year in October, and it saw significant growth in its Recharge EV sales, which are now
Car Imports Are More Welcome In The U.S. Than In Europe or China (PDF) The car trade industry changes constantly, and the outcome can depend on a number of factors. For example, car manufacturers may try to gain new traction by opening factories in developing countries or promoting new
Top 10 Cars That Most Held Market Value (PDF) When you buy a new car, its value will depreciate right away. New research from iSeeCars.com has found that car depreciation has been getting much less than it used to be, which is great for car buyers. This is largely
What cars will be discontinued in the year 2023? (PDF) This year has seen many changes in the car market, with more SUVs on the road than ever before. Sedans are becoming less common, but that doesn’t mean there aren’t any left. If you’re interested in finding a great
Why EVs Are So Expensive? (PDF) Electric cars are still too expensive, despite being “supposed to be cheaper”. The cost of EVs has gone up for some and down for others. We’ll discuss some factors that influence EV pricing below. The base price for the 2022 Chevy Bolt is
Top 10 Best Selling Cars Of 2022 So Far (PDF) This year’s best-selling vehicle list is mostly unchanged from last year’s because we all love the cars that made this list. As supply-chain issues continue to affect dealer inventories, it’s difficult to find new vehicles to buy. It can
Hydrogen Fuel Cell Car Sales Decline In Q3 2022 (PDF) Hydrogen fuel cell cars, the alternative to electric cars, haven’t shown any growth in sales. Without much of a chance for significant growth, they might not be the solution they claim to be. In the third quarter of 2022,
New Car Dealer Groups – Day Supply Q1 and Q2 2022 (PDF) Low New Car Inventory lingers for a second quarter in a row. Days’ supply of new vehicles at the US’s six major dealership groups remains low due to production delays, parts shortages and unseasonably high demand. Penske Auto
Top 10 Luxury Vehicle Registrations 2021 vs 2020 Tesla increased sales by 75% from 2020 to 2021 and is on the brink of overtaking BMW as the #1 luxury brand volume automaker in the US. The table below shows new vehicle registration in the US in 2021 compared to 2020.
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
Automotive Market Guide for February 2021 The wholesale price index continues to get stronger in what is beginning to look like an early start to the Spring market. The largest increases were in the Auto segments, but the bulk of the Truck segments also saw week–over–week increases. This Week Last Week 2017-2019 Average
Recap of Auto industry-related headlines over the last week: Wholesale prices continued their decline last week, for the fourteenth week in a row. Average retail listing prices of available inventory have been essentially flat over the last two months, but overall pricing began to show signs of softening over the last three weeks. Full-Size Truck retail prices have
What is Negative Equity when it comes to an Auto Loan?
Negative Equity also called “Upside down”, is a situation that occurs when a consumer owes more on his vehicle’s loan than the vehicle is worth.
Example:
2018 Honda Accord
Actual Cash Value = $18,500
Balance Owed on Loan = $21,000
Equity = – $2,500 (Negative)
The average negative equity on vehicle trades has been rising steadily for years, reaching a record high in April 2020 at $5,035. This is due in-part to very long finance terms (60 month, 72 months and 84 months).
Negative Equity Comparison 2019 V 2020
The table below shows the average negative equity amount as recorded by dealers at the time of trade-in.
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