Wholesale values continued to fall last week, although cars fared better than trucks, according to Black Book. The firm reported that the wholesale value for the overall car segment decreased by 0.57% from the week prior, while the truck segment declined 0.58%.
Cheap oil prices in recent years have caused consumers to rediscover their love of SUVs, CUVs and trucks. Jumpstart Automotive said today that trend continued in the first half of 2016, with some notable exceptions.
Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports
Dick Witcher, outgoing chairman of the American Truck Dealers, urged dealers at the ATD Convention & Expo in New Orleans to meet with members of Congress as “the first step in combating regulatory burdens.”
New-vehicle sales are expected to improve 13.6 percent in August 2013 to a total of 1.46 million units, Kelley Blue Book reports.
In the first four months of 2013, auction prices for full-size pickup trucks rose nearly 7 percent.
Black Book’s senior analyst Ricky Beggs reveals the most volatile wholesale auto segments over the last three months.
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