Greetings! Welcome to a time of the year when there are opportunities in both the new and used vehicle marketplaces. The government may not be able to get anything constructive done, but we sure have – just check out those savings in Last Ten Sold. In this issue we are going to encourage you to call us to learn what specific market segments are producing value, suggestions of vehicles that will hold value in the future and how to maximize the return on your transportation dollar for your specific needs. We are not fooling around here – this is all about you. Your continued support is the reason for our success. Thanks so much for all your loyalty and referrals. We’ll start with itemizing the ways we can help you to have the most cost-effective and enjoyable buying experience. – Proper Planning – together we will analyze your vehicle needs and desires to come up with a plan that financially works for you now and in the future. We know which vehicles will minimize total ownership costs and we know the strategies to employ that will best realize your goals. – Buying New – if new ends being right for you, we will negotiate the best new car deal and trade-in value while guiding you through the labyrinth of the dealership experience to preserve your money, sanity and time for a simple $395 fee. -Buying Used – this is where our experience and access can really help you get the […]
Stable Markets October is a favorite month because there has been an infusion of inventory generated by the natural maturation of leases and by trades on the closeout of the 2013 models and the introduction of the 2014s. In short, we have a window of opportunity. There has been a steady supply of lease and rental cars to the wholesale auction arenas. In fact, BMW and Mini have enough cars to sell that they are offering transportation incentives to dealers. Rental car companies have offered free float programs. We haven’t seen this type of activity in five years. We have seen some good value in the domestic nameplates due to the rental car turnover. Today’s late-model domestics have come a long way in terms of quality and value. I know that historically we have been attracted to the Asian and European models, but the time has come for careful consideration of some of these domestic offerings. Unfortunately, if you have a tired-out older car, you are not going to get a lot of money for it. The auctions are bursting with high-mileage cars and there is not a lot of enthusiasm for them in the market. Wagon Heaven and More We actually have a nice selection of hard-to-find wagons in our inventory that we are either selling for our clients or that we found at the auction. All of these are fully serviced and carry comprehensive warranties. Check these out: – 2006 Audi A4 Quattro 3.2 Avant […]
– Edmunds predicts 15.5 million new vehicles will be sold in 2013 and 16.4 million in 2014. – Fake reviews on consumer review websites are being cracked down upon by the NY Attorney General. There are a number of companies that offer “reputation management” services that write reviews for dealerships and other businesses to increase their desirability. This amounts to false advertising and unfair business practices – should we be surprised? – Hybrids continue to depreciate faster than gas-fueled versions. Midsize trucks – think Toyota Tacoma – will hold value because some popular models are currently out of production. – Full-size cars are getting a lot of action in the used market. – Senior citizens are the most likely consumer group to buy a vehicle these days, according to a new study by the University of Michigan’s Transportation Research Institute. – Delinquency on auto loans is steadily declining and repossessions have fallen to a seven-year low. – Domestic vehicles are worth more at auction this year than they were in 2013, gaining 2.6 percent, according to Kelly Blue Book. – There are more than 17,500 new car franchised dealers and over 45,000 used car dealers in the USA. – According to ALG there will be 84,000 Accords, 65,000 Camrys and 58,000 Altimas that will come off of lease in 2014. That’s a lot of cars in that segment that will enter the market next year. – The balance of auto loans in August increased 9.7 percent from last year, rising from $760.8 billion to […]
– According to Manheim, used vehicles depreciated 13.7 percent during the last 12 months, but midsize pickup trucks only depreciated 5.1 percent over the same time period – The average age of a car in America is now a record 11.4 years, according to RL Polk – Polk also predicts that there will be a 41% increase in one- to five-year-old used cars by 2018 – In the Boston area, including Manchester, NH, there were 760,534 used cars sold in 2012 – In the USA there were 14.6 million vehicles sold at wholesale auctions in 2012 – The age of trade-ins average 6.5 years – The National Highway Traffic Safety Administration (NHTSA) updated itswww.safercar.govwebsite so you can now get up to date info on safety defect investigations, recalls and complaints. They also launched an app for iPhones with this info. – An analysis of 50 years of crash data by the NHTSA found that younger women drivers (age 21-30) are 25.9 % more likely to die in a crash than males in the same age group. This report is full of interesting data, check it out athttp://www-nrd.nhtsa.dot.gov/Pubs/811766.pdf – “Economists continue to be bullish on the North American auto industry, despite a slow-growing economy, forecasting record production and a surge in sales in the next few years” Automotive News – Used car loans terms are up to 7 years with the majority of loans being written for 5 years.