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NADA Reports 2013 Used Vehicle Prices Highest in March

2013-04-18 18:28:30| AutomotiveDigest.com - Automotive Industry News

Wholesale used car and light truck prices hit a record annual peak in March, according to NADA Used Car Guide, in its April edition of Guidelines. Wholesale used vehicle prices up to 8 years old went up 12% in March, considerably higher than the 3% increase in the same month last year. NADA UCG looks [...]The Article NADA Reports 2013 Used Vehicle Prices Highest in March appeared first on Automotive Digest.

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NADA UCG Sees 2013 Used Prices Peaking in March

2013-04-17 08:19:28| AutomotiveDigest.com - Automotive Industry News

Prices for used vehicles up to 8-years-old increased by 1.2% in March, substantially less than the 3% increase recorded for the month last year. The first quarters slower rate of growth was caused by a combination of factors, which included higher payroll taxes, delayed tax refunds and the spike in demand from Hurricane Sandy at [...]The Article NADA UCG Sees 2013 Used Prices Peaking in March appeared first on Automotive Digest.

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NADA Looks at Trends for Different Used Vehicle Age Segments

2013-04-16 05:49:28| AutomotiveDigest.com - Automotive Industry News

NADA Used Car Guide expects used prices to fall for the first time in five years, but thinks the drop will be relatively mild, as on-balance, used market fundamentals remain predominantly favorable. Overall, used vehicle market should turn in another solid, though milder, performance in 2013. For 2013, NADA expects new vehicle traditionalists will continue to shift focus away from used vehicles, bringing a progressive impact toward Late-model used supply will increase, but overall supply will continue to fall, and supply for units up to 3 years in age is expected to grow by NADA predicts price of units up to 8 years in age will reach an average figure down from 2012s average price by Click here to read NADA's 2012 market analysis and 2013 forecast for a thorough look at used vehicle segment trendsThe Article NADA Looks at Trends for Different Used Vehicle Age Segments appeared first on Automotive Digest.

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NADA Not Happy with Obamas Proposed $10,000 EV Tax Credit

2013-04-16 05:44:06| AutomotiveDigest.com - Automotive Industry News

by Jon LeSage, contributing editor, Dealer Digest Daily SITUATION: The National Automobile Dealers Association is not happy with President Obamas budget proposal for increasing electric vehicle tax credits from $7,500 to $10,000 The proposal calls for shifting the credit from the purchaser, who can claim it on his her taxes, to the person who sells [...]The Article NADA Not Happy with Obamas Proposed $10,000 EV Tax Credit appeared first on Automotive Digest.

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