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Hello and welcome to this week’s Used Car Market Report. In addition to the normal auction attendance and data acquisition, a couple of the editors and I had the opportunity to get a hands on presentation to a couple of key refreshed vehicles this past week. There are some things about this week that stand out. One was when we left home on Tuesday morning there were big, beautiful snowflakes falling and covering the ground and 31 degree temperatures, and then we landed in sunny blue skies and 73 degrees. The better part was getting insight into two soon to be available, very popular vehicles, the 2015 Ford Edge and Focus. This will assist us as we use all of our insight, previous market knowledge, and analytical tools in forecasting residual values for leasing and financial risk analysis. From new engines, suspensions, exterior and interior designs and improvements, to expanded technologies,…Continue
The Japanese company Toyota Motor Corporation is one of the most important global car manufacturers owning several major car models to its credit. Toyota’s journey in India began in the year 1997 with the Qualis and now it sells a long list of cars starting from just Rs 5 lakhs to almost more than Rs 1 crore. Rs 15 to Rs 20 lakhs is an expensive budget range and this range fits in people who are looking out for some extra class and luxury . Let us see what Toyota has to offer to these customers.
Toyota Corolla, introduced in 1966 has now reached its eleventh generation. It has been a best seller in the past and the sale figures continue to rise steadily. The all new Corolla Altis is a stylish and luxurious sedan with a revolutionary design and is more suitable for urban use. The new Corolla…Continue
Hello and welcome to this week’s Used Car Market Report with insights from Black Book and Ricky Beggs. Well, the word is officially out that Ricky Beggs' time at Black Book is limited. The final day will be April 1, 2015, and no, that is not an April Fool’s joke.
Black Book will be producing a new report that will benefit you each and every week. It's called Black Book Market Insights, and it is designed to combine all of the timely, accurate vehicle valuation data that you've come to rely on Black Book for, with additional analytical insight that will help you make profitable decisions for your business each day. Every week the report will offer you a direct link to dealer sentiment at the auctions, in addition to broader economic trends that are shaping the automotive market. Please be on the lookout for more information about how to subscribe to this weekly…
Swapalease.com, the nation's largest online lease marketplace, compared truck inventory and consideration data from 2014 against 2012 and found that there has been a significant increase in the number of shoppers driving truck leases, and those looking for truck leases. Topping the list is the Chevy Silverado, which has seen a 286.4% jump in Swapalease.com inventory, and an 89.6% increase in shopping consideration over the last two years.
Here are numbers on four of today's popular trucks showing an increase in lease activity on the Swapalease.com marketplace:
Percent Change From 2012 to 2014
Make Model Inventory Searches
Chevy Silverado 286.4 89.6
Ford F-150 69.0 51.1
Dodge Ram 1500 79.3 11.1
Toyota Tundra 110 27.6
"It has always been…
If you are considering buying a car, you probably wish to know how you can find the vehicle that really fits your needs today and in the future. It takes some planning and research. The steps below will help you choose, price, find and test-drive the car that’s best for you. This will help you decide whether you choose to purchase a new or used car or lease a new car.
Of course you dream of owning the best car in the market but you need to consider practically your needs first. In choosing a car, take into account the following:
Black Book today announced that Ricky Beggs, Senior Vice President and Editorial Director, will retire from the company effective April 1, 2015. Mr. Beggs has served as the voice of Black Book for the automotive industry since his career began thirty-four years ago in 1981.
“It has been an honor to work alongside Ricky who truly has become an industry legend,” said Tom Cross, President of Black Book. “His legacy of leadership and his dedication to excellence have left an enduring mark on our company, ensuring our position as the industry’s most reliable and accurate source of vehicle valuation and insight.”
Mr. Beggs joined Black Book in 1981 as Used Car Editor and quickly established himself as an authority figure in delivering automotive vehicle valuation data and insight. He was named Black Book’s Managing Editor in 1990. During his tenure, Ricky has been a trusted voice among automotive professionals and led Black Book’s valuation services through decades of…
Hello and welcome to this week’s Used Car Market Report with insights from Black Book. Yes, gas prices at the pump are edging up, plus $.02 two weeks ago, and now a significant $.12 this past week. The national average is still a consumer friendly $2.19. Diesel was more stable and indications are this will be the case this year compared to gas. This past week was the first increase in diesel, at less than a penny, to $2.84 per gallon. The previous week over week increase was back for the week of November 10, 2014.
Feedback from our in the auction lanes survey personnel primarily indicated a more stable and steady market with a few thinking the no sales were slightly higher this past week. And of course, reports from the New England area all mentioned tough physical sales and attendance due to the weather. Within those markets they also mentioned the online activity still made…
In the movie Field of Dreams, a ghostly voice tells Kevin Costner's Ray Kinsella character, "If you build it, he will come."
The first question you'll want answered is, "What is it?" In the movie, the 'it' was a baseball field, but it was actually so much more than that. In reality, the 'it' in the movie was the dream of baseball itself from a bygone era when the game was pure and joyful.
The second question you'd want answered is "Who are they?" In the movie, the question wasn't about 'they' but rather 'he.' We go through the movie (spoiler alert) thinking that 'he' is Shoeless Joe Jackson, but it isn't until the end when we realize that Jackson was the voice guiding him and 'he'…Continue
Hello and welcome to this week’s edition of The Used Car Market Report with insight from Black Book. As the month of January came to an end the weather for a portion of the country was brutal. Ice, snow, and strong winds closed businesses and reduced local auto sales to a crawl. When the weather improves local auto sales will improve as would-be buyers will have now discovered a greater need to have more reliable or functional vehicles.
When we looked at all of the car segments that we monitor there was an average weekly adjustment of -$32 or .22% for the first week of February, the lowest level of change over the previous four weeks. This minor level of change appears to be reflecting the stabilization in fuel prices with gasoline prices rising 2 cents to an average price of $2.07 per gallon. However, diesel is still falling with a $.03 decrease to $2.83. The overall largest dollar…
Part of what we do at Petrol Digital is a**** a dealers Facebook page. Here are three of the most common things dealers are doing wrong on Facebook.1. Not replying to reviewsThe Facebook 5 star…Continue
It's the end of summer and time to get back to work. However, are you noticing that the soft summer season seems to be lasting a bit longer?We think it is more than just seasonal - and in fact - have…Continue
Banking the with the most competitive Automotive Floor-Plan Lender will increase your profit marginWe offer Franchised and Independent Auto Dealers integrated financial solutions to help you sell…Continue
Recently, AutoTrader.com ran their own survey of 1,900 car buyers (300 of which were millennials) and came to the conclusion that "just 1 percent of car buyers use social sites to shop for a…Continue
Greetings everyone. Our company - Social Auto Leads - is putting together a report on the state of social media within individual dealerships. If you would like to participate (either anonymously or…Continue
Visit Northtowne Mitsubishi Kansas city to learn about new Mitsubishi, used car & auto repair. Premier KC Mitsubishi dealer providing the 2013-2014 Lancer, Outlander, Mirage, lancer Evolution,…Continue
Northtowne Mazda website offer you cars like the 2014 Mazda Mx-5, a crossover like the CX-5, or an ultra-efficient passenger car like the 2013 Mazda6 & 2013 Mazda3, our website offers an…Continue
FaceBook, Twitter, Google Plus and some other social media sites are being used by businesses for quite some time now. Even I am one of those but do these sites really help your business is what I…Continue
I would like to know what role do positive or for that matter negative reviews help a website or business gain traffic, leads or conversions. Is it true that positive reviews can help a business…Continue
Everyone wants to increase sales, so what is NEW in your marketing plan to help you reach your 2014 sales goals? Do you have any of the following 7 strategies in your marketing mix? If so, which…Continue