- Auction values for 1- to 3-year-old models at the end of Q3 2013 remain at a 3-year high at an average of $17,085, or $280 above the 2012 average.
- Since the start of the year, auction values have declined an average of $731 or 4.3 percent. In 2012, average auction values declined by $974 or 5.8 percent by the end of Q3 2012.
- Kelley Blue Book expects values to continue on their downward trajectory throughout the remainder of the year, while continuing to best previous year auction values.
- Used-car shopper interests shifts toward full-size cars
The Next Generation Car Buyer reveals Millennials' relationship with automotive brands and their car-shopping process. More importantly, it provides implications for what manufacturers should be doing now to lay the foundation that will support the relationship between this important contingent of car buyers and auotmotive brands for decades to come.
It is widely accepted that the Internet is a key information source for consumers during the vehicle shopping process and an indispensable marketing tool for dealers and OEMs. In 2013, new research suggests that it is evolving for both consumers and dealers.
Auction Values Flat Year-Over-Year in July 2013; Hybrid and Electric Vehicle Values Decline 3 Percent Despite Rising Gas Prices; Hybrid Cars Lead Depreciation Through the First Half of 2013
FEATURED VIDEO TUTORIAL
Real car buyers talk to us about how they rely on salespeople during the purchase process.
Independent Dealer Uses Trade-In Tool to Increase Dealership Profits
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