Notifications & Messages

Jared Hamilton
From: Jared Hamilton
Hey - It’s time to join the thousands of other dealer professionals on DrivingSales. Create an account so you can get full access to the articles, discussions and people that are shaping the future of the automotive industry.
×
Amy Taggart

Amy Taggart Marketing Manager

Exclusive Blog Posts

Why Should You Attend NADA 2017

Why Should You Attend NADA 2017

As you investigate the possibility of attending NADA in New Orleans this year, you might be questioning the benefits of attending. It’s possible that…

The Most Wonderful Time of Year for Luxury

The Most Wonderful Time of Year for Luxury

It’s that time of year again: lights line the houses, the air is brisk, and luxury manufacturers are trying to make sure their vehicles are the best …

The Recruiter: Episode 4- People Use Google to Find Jobs

The Recruiter: Episode 4- People Use Google to Find Jobs

How to title your help wanted ad so it gets found on the internet. Please use Google in their job search. Use what people call themselves on their resu…

* The Recruiter* Episode 3 Law of Diminishing Return

* The Recruiter* Episode 3 Law of Diminishing Return

When do you hire and how many? what are you basing your decision on? Don't decide by how many desks you have or that's what you normally run with. …

Lenders must lend or drivers won't drive

Lenders must lend or drivers won't drive

In my opinion, sub prime customers are being considered more risky by the lenders that once targeted them. Even traditional co-signers are proving not to b…

NADA Update - Used Prices Steady till 2012

NADA released the December 2011 edition of their Used Car Industry Update last week, and there are several bits that I like to see:

Looking ahead, we’re anticipating that used car and truck prices will remain relatively flat through the remainder of the month and into January before moving upward again per the seasonal norm as we head deeper into the first quarter.” (p.5)

This is a change from the usual pattern, where used car prices slump significantly in Q4 in response to slackening demand due to the holiday season.

However, this year, strong demand from people who are finally giving up their old cars, coupled with tight inventory levels, has been keeping the prices relatively stable:

In addition, used vehicle demand indicators remain strong, which when viewed alongside an anticipated ~8% reduction in year-over-year used supply supports the view that used prices will remain firm through the end of the quarter.”  (p.5)

Why do I like to see that?

It means that members of the Carloan.com Dealer Network are going to continue to be successful with the finance leads we send them. They’re going to continue to be able to get a higher price for their used inventory and not have to wait till January to keep cars moving off their lots.

We’re still seeing demand from consumers in our network too — which is even better news for our Carloan.com dealers. And there’s only going to be more as we head into tax season.

Not a member of the Network yet? Check out our FREE Volume Estimator to see what we have available in your area.

 Unlock all of the community & features  Join Now