Posts Tagged ‘ford f-150’
Used Vehicle Market Continues Growth
Tuesday, June 15th, 2010
Auto Remarketing has some information on the rebound of the used car market, which has been suffering with the effects of economic recession. Now it seems that things may be on their way back up:
Certified pre-owned and used-vehicle prices gained ground once again in May, reflecting the movement seen over the last few months in the midst of tight supply and a healthier auto market, according to AutoTrader.com. In fact, the asking prices of all of the 20 most-viewed used vehicles on the site climbed year-over-year in May, while 18 of the top 20 CPO units moved forward in price, as well.
“Average asking prices for new, used and certified pre-owned vehicles listed for sale on AutoTrader.com in May continued the upward trend that began several months ago as auto inventories tightened and the auto market improved,” officials noted.
The Ford F-150 was AutoTrader.com’s most popular used model again, and its average asking price was up 12.32 percent from a year ago. The biggest climber among the most popular used vehicles on the site was the Jeep Wrangler — ranked No. 7 for total views. This vehicle’s asking price jumped from $17,509 to $20,576 (up 17.52 percent). As far as CPO models, the BMW 3-Series was the most-viewed vehicle, and its prices were up 2.69 percent. Moving ahead the farthest in asking price on top 20 certified models list was the F-150, whose prices climbed from $22,212 to $26,693 (up 20.17 percent)
If you are looking for used vehicles for your business, now may be a good time to buy before prices rise any higher. And to save even more money, don’t forget that you can always save up to 15% on fuel for your new vehicles with FleetCardsUSA.
Photo courtesy of PinkMoose under the Creative Commons License
Tags: AutoTrader, Certified Pre-Owned, ford f-150, growth, market, used-vehicle
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Black Friday a Boon for Car Buyers
Tuesday, November 17th, 2009
Black Friday shopping may be best known for deals on flat screen TVs, toys and clothing, but shopping for a new car the day after Thanksgiving can be just as fruitful.
According to car pricing researchers at Truecar.com, Black Friday is the best day of the year to purchase a new car. Data on day-by-day car pricing for the last several years reveals that auto discounts on Black Friday are, on average, the biggest of the year.
“The discounts from dealerships, as well as manufacturers’ incentives, generate the highest discounts of the year on Black Friday,” said Jesse Toprak, an analyst for Truecar.com.
Unlike typical Black Friday sales in which prices are advertised well in advance, car prices are negotiated on the day of sale. However, Toprak says there has been a clear trend in discounted prices for car buyers over the past several years.
The average new car discount on Nov. 27 is projected to be 7.5%. The average discount the day before and after is expected to be just over 6%. On a typical day throughout the year, car shoppers usually pay about 4.7% less than the sticker price.
Truecar.com projected particularly large Black Friday discounts on certain models. For instance, consumers should be able to pay about 28% off sticker price for a 2009 Suzuki SX4 compact car, 26% off for a 2009 Nissan Titan or Ford F-150 pick-up or 20% off a 2009 Hyundai Sonata sedan.
Car dealers are making deep cuts in price on Black Friday to ensure shoppers find their way to a dealership on the important shopping day.
“There’s a lot of noise in the market that day, and we have to stand out,” agreed Brian Benstock, general manager of New York City’s Paragon Honda.
If you’re looking to beef up your fleet or just looking for a new car yourself, keep Black Friday in mind. You may find yourself on the good side of a real deal.
Photo courtesy of ryantxr under the Creative Commons License.
Tags: 2009 hyundai sonata, 2009 nissan titan, 2009 suzuki sx4, Black Friday, Car buying, ford f-150, Paragon Honda, Truecar.com
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