Editors turned a phrase for this week’s Black Book Market Insights report, highlighting that “a mixed bag of vehicle valuation strength” summarized the activity in the lanes.
Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last.
And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.
The newest report from AlixPartners — whose client roster includes corporate boards and management, law firms, investment banks and other kinds of investors — cautioned the industry that a “used-car time bomb” is about to explode.
Your credit is good and the lease contract on your 2015 vehicle is about to expire: what are your options? You could choose to pay the residual and keep your current ride. You could trade the vehicle for a new one or for an alternative used car.
Compared to the previous four-week period, J.D. Power Valuation Services determined auction sales volume for used vehicles up to 8 years old dropped by 3 percent in May, settling at 366,212 units.
If you have certified pre-owned units with alternative powertrains, the spring issue of Perspective from J.D. Power Valuation Services (formerly NADA Used Car Guide) offered some insight into why it might be difficult to turn that vehicle.
Late-model auction sales volume in the first third of the year is still up 7 percent, but it slowed last month.
According to the Used-Car Light Truck Guidelines report from J.D. Power Valuation Services, there were 244,381 auction sales of late-model vehicles in April.
As vehicle values remained relatively steady, multiple Black Book representatives walking the lanes with dealers last week noticed consignment volume softened.
Auction sales volume in March was steady with year-ago figures and dipped 2 percent sequentially, according to the latest Guidelines report from J.D. Power Valuation Services.
According to the latest Guidelines report from J.D. Power Valuation Services, auction sales volume of models up to 8 years old rose just 1 percent over the four-week period ending Feb. 27 compared to the previous four-week period. The volume rise included 379,700 units.