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Posts Tagged ‘trade-in prices’

Japanese Makers Retain Resale Value Lead

But domestics gain ground.

by on Nov.26, 2012

The Jeep Wrangler was the only domestic model to land among the top 10 nameplates when it comes to resale value.

Japanese automakers continue to retain a lead when it comes to vehicle resale values, according to a pair of new studies.

Of domestic products, only the Jeep Wrangler made it into the top 10, according to Kelly Blue Book’s 2013 Resale Value Awards, while a second study of resale values by found no domestic brands made the top list. Nonetheless, Detroit makers – Ford in particular, have begun to close the once yawning gap.

“They’re no longer so far behind,” said Kelly Blue Book’s Eric Ibara.

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The KBB analysis focused on how much of their original value vehicles maintained after 60 months of ownership – a point at which products are likely to lose more than half, and often two-thirds or more of their original sticker price.  Residual values – which translate into trade-in prices — can be impacted by a variety of factors, including such things as options and even paint color. Engine packages often have a significant impact.


Used Car Sales Soaring, Driving up Prices

Hybrids, small cars in particular demand.

by on May.20, 2011

Prices for older hybrids, like this Toyota Prius, are soaring, but used car prices are up overall.

Looking for a used car?  Expect to have to look hard – and pay a lot more than you might have anticipated if you haven’t been in the market for a few years.

While new car sales continue their slow recovery from the Depression-era downturn of 2009, demand for “previously owned” vehicles” has soared to record levels.  But so have prices, with fuel-efficient hybrids and small cars in particularly high demand.  But even high-performance luxury cars are in strong demand, according to industry experts.

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“April used vehicle sales were up 12.3% compared to year-ago and 47.6% versus March,” notes Art Spinella, chief analyst with CNW Marketing.

In fact, franchised auto dealers scored big on the used car side last month, selling more than 1.3 million vehicles, a 10.7% increase, and the best month since April 2006, before the economy began to collapse.