According to Kbb.com’s Blue Book Marketing Report for September 2012 , used-car values continue to decline. Kbb.com said even as fuel prices approached record highs this year, values of fuel-efficient vehicles have continued to lead market declines during the past several months, while values of trucks and SUVs have remained steady, even outperforming the overall market average.
Also, KBB.com’s Blue Book Marketing Report reported, gas prices shift new-car purchase behavior. As fuel prices have surged for the second time this year, Kelley Blue Book has seen new-car buyers more heavily consider fuel-sipping subcompact, compact and hybrid cars. Fuel-efficient vehicles accounted for 20.9 percent of all vehicles sold in August, a full percentage point increase from the 19.8 percent market share maintained in June, prior to the current run-up in fuel prices.
Click here to download Kbb.com’s Blue Book Marketing Report for September 2012
NEW-CAR MARKET ANALYSIS
- August 2012 New-Car Sales Outshine 2011 Volume
In August, new-car sales handily outperformed figures from last year, increasing by more than 20 percent. The seasonally adjusted annual rate (SAAR) jumped to a 14.5 million unit selling pace for the second time this year; the highest rate since early 2008…
- Leasing Makes More Sense than Ever for Some Shoppers
Leasing makes sense for those consumers looking for the best bang for the buck on monthly payment. Consumers will find a majority of compact and subcompact cars available for lease at less than $200 per month, while a mid-size sedan or compact crossover can easily be found for less than $300 per month on lease…
- Gas Prices Shift New-Car Purchase Behavior
As fuel prices have surged for the second time this year, Kelley Blue Book has seen new-car buyers more heavily consider fuel-sipping subcompact, compact and hybrid cars. Fuel-efficient vehicles accounted for 20.9 percent of all vehicles sold in August, a full percentage point increase from the 19.8 percent market share maintained in June, prior to the current run-up in fuel prices…
- High Supply of Trucks Brings Big Incentives
With incentives strong and inventory high, buying a new truck may be a better bet than buying used. A 1-year-old truck maintains 82 percent of its original manufacturer’s suggested retail price (MSRP) versus 94 percent for a new truck, meaning consumers only save $30 per month on average by opting for the used pickup rather than new…
USED-CAR MARKET ANALYSIS
- Luxury Vehicles 7 to 10 Percent More Affordable Today than Last Year
During the past several months, new- and used-car values have steadily declined. With a continued struggle in economic recovery, luxury vehicles have been hit especially hard, consistently underperforming their non-luxury counterparts. In August, values of used-luxury vehicles declined by 1.7 to 2.5 percent, slightly more than the industry average (1.5 percent)…
- Used-Car Values Continue to Decline despite Rising Fuel Prices
Even as fuel prices approached record highs this year, values of fuel-efficient vehicles have continued to lead market declines during the past several months, while values of trucks and SUVs have remained steady, even outperforming the overall market average…
- Used-Car Pricing Close to Parity with New-Car Deals
With the average age of vehicles still at 11 years old and climbing, more consumers find themselves in need of a replacement vehicle. As consumers search for their next car, one of the first decisions is whether to purchase new or used…
- Both New, Used Pricing Continues to Fall
Shoppers in the market for a new or used vehicle will be happy to know that prices have continued to tumble through summer. In fact, consumers are currently paying a little more than $450 less for new vehicles than they were at this time one year ago, and used vehicles are selling for nearly $1,000 less than they were at this time last year…
LATEST HOT USED-CAR REPORT
- In the News, on the Web
There are a couple national media topics impacting used-retail traffic on KBB.com. One topic is hurricane Isaac, which caused turmoil in the southern states due to heavy rain. The storm then halted southern oil production leading to higher fuel prices at the pump…
Click here to download Kbb.com’s Blue Book Marketing Report for September 2012
