Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
ATLANTA, Feb. 27, 2014 /PRNewswire/ -- Now that the hangover from holiday spending has faded away, President's Day kicked off the unofficial start of the Spring sales season at dealerships across the country. As sales of new and used vehicles pick up steam, dealers will need to pay close attention to three key trends in relation to volume, pricing, and access to credit that are expected to converge and place downward pressure on used vehicle pricing.
"While used vehicle prices typically see an increase in the range of three to five percent during this time of year, market factors will likely keep price increases more in the one to two percent range," said Juan Flores, director of operations at AutoTrader.com's Trade-In Marketplace®. "Dealers need to be aware of these trends and ensure that they are using tools that can help them mitigate risk on both the retail and trade-in sides of their used vehicle operations."
"Dealers need to be extra focused on used vehicle pricing patterns to ensure that they are valuing trade-ins and retailing their used vehicles accurately, and they should also pay close attention to the days' supply of their used inventory," Flores continued. "Tools like the Trade-In Marketplace from AutoTrader.com and vAuto's Provision® can help dealers ensure that they are acquiring the right vehicles at the right prices, keeping their turn in check and setting retail asking prices that reflect the current market."
Created in 1997, Atlanta-based AutoTrader.com is the Internet's ultimate automotive marketplace. As a leading resource for car shoppers and sellers, AutoTrader.com aggregates millions of new, used and certified pre-owned cars from thousands of dealers and private sellers and provides expert articles and reviews. AutoTrader.com, which also operates the AutoTraderClassics.com auto marketing brand, is wholly owned by AutoTrader Group. Additionally, AutoTrader Group owns Kelley Blue Book (KBB.com®) as well as companies that provide a full suite of software tools that help dealers and manufacturers manage their inventory and advertising online: vAuto®, HomeNet Automotive®, VinSolutions®, AIS Rebates™, Genius Labs® and Haystak™. AutoTrader Group is a subsidiary of Cox Enterprises. For more information, please visit http://press.autotrader.com.
©2012 PR Newswire. All Rights Reserved.