David Paris

Used Market Update: September 17, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending September 13 reached 86,000 units, representing a 3% decline versus the prior week’s 88,000-unit figure. Ultimately, sales for the week ending September 13 were approximately 8% lower than what’s typically recorded for the period. It is important to note that sales for the week ending September 6 improved by 1,000 units versus what was initially reported due to lagged sales records.

Used Market Update: September 10, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending Sept. 6 reached 87,000 units, which was an 11% improvement over the prior week’s 79,000-unit figure. Ultimately, sales for the week ending Sept. 6 were only slightly lower than what’s typically recorded for the period. It is important to note that sales for the week ending Aug. 30 improved by 6,000 units vs. what was initially reported due to lagged sales records.

Residual Value All-Stars: Luxury Vehicles

Vehicles that retain a strong residual value offer an unmistakable benefit to automakers and consumers alike. Such models allow for a competitive cost of ownership and leasing advantage, with some being better values when it comes to leasing.

One of the biggest factors in the total cost of a lease is the vehicle's residual value. This is especially important on the luxury side of the market because leasing tends to be more popular in this sector than on the mass market side.