Used Auto Lifts

Robust Used Sales for Dealer Groups in 2Q, but is Used Price Decline Ahead?

Reporting second-quarter earnings on Tuesday morning, three of the country’s largest dealer groups — Asbury Automotive Group, Group 1 Automotive and Sonic Automotive — enjoyed lifts in their used-car operations from a year ago, helping all three succeed in an auto environment that was limited due to the Japanese disasters.

Automakers are starting to fully recover from the earthquake, but interestingly enough, with the pent-up demand from the production shortages expected to push greater new-car sales soon, one of the group’s executives believes used-car pricing might actually soften.

“Knowing that there is a great deal of pent-up demand to purchase new vehicles, we continue to expect sales to build in the back half of the year, driving full-year 2011 unit sales into the 12.5 to 13 million unit range, in line with industry expectations,” said Group 1 president and chief executive officer Earl Hesterberg during the company’s quarterly conference call on Tuesday morning.

“Used-vehicle sales are stable, but if the new-vehicle selling rate improves, we do expect to see used-vehicle pricing soften,” he stated.

When asked by a call participant to explain his thoughts a bit further in light of others' expectations that used prices will remain high, Hesterberg stressed: “I think your general assumption that rising new-car prices and lack of new-vehicle inventory has supported the record used-car prices is completely valid.

“Used-car values on the calendar basis usually peak in March. This year they peaked in June. But of course, June was getting near the time of peak inventory shortages, particularly for those Japanese brands,” he continued. “But we saw this most recent month of 3 or 4 percent on some of the smaller that were probably up about 14 percent year-over-year.”

Furthermore, the run-up and subsequent easing of fuel costs will likely have some impact, as well. When gas prices hit their peak of $3.99 earlier this year, it led to some compact and midsize used-car prices going “through the roof,” Hesterberg noted. He cited the used Honda Civic and Toyota Corolla as examples.

“Those have started to cool off already. I think when new Camrys and Corollas are being aggressively marketed on the new-car side again, in the coming month … I think that has to put downward pressure on used-car prices,” he added. “Now that’s not necessarily coming from historical prices, that’s from current prices and the prices we’ve had.

Can You Really Get A Fast Sale For The Best Cash Offer? | Auto ...

What is the best way for me to sell my car?

Okay, to try to get the best possible price for your vehicle you are probably going to have to sell it privately. This means placing advertisements in the local newspaper, car magazines and websites but that obviously means time, money and hassle.

So is there alternative if you want a quick sale, without the headache of above?.. well you could use a cash for car company.

And in some cases (i know because ive tried selling my car on eBay) you might even get a stronger offer than selling privately on the net.

So how will a cash for car site help me?

A cash for car company will make you a cash offer to buy your car and you will usually have to deliver the vehicle to them although some companies will collect. Some examples are webuyanycar and sell the car.

The thing to bare in mind when using a cash offer company is that they will be buying the car to trade immediately on to a motor dealer for a quick profit.

If you could offer your car direct to a dealer you would obviously be cutting the middleman out and gain that profit margin for yourself.

Now here is a new method that has hit the UK market that is gaining excellent reviews and testimonials by private sellers and gaining them extra cash for their cars.

The cash for car comparison site

The first website of its kind is a site called dealerbid.co.uk

The site went live in 2008 and is probably the best way to dispose of your old vehicle whilst being able to obtain various offers from different dealers across the UK thus increasing your chances of getting the strongest immediate cash offer without any of the hassle of selling privately.

By using the clever method to sell you avoid the middleman this is how sellers gain.

The site is quick and simple to use and once you have listed your car it will remain live for 6 weeks.

Once you have offered your car the vehicle information is immediately broadcast to registered car dealers across the UK who will contact you with their offers direct. Dealers can also browse the site and locate stock per their requirements which is great if a new dealer signs up to the system after your vehicle details have been broadcast.

To find a cash for car comparison website simply enter “cash for car comparison website” into google.

If you are searching the Internet for info about the sphere of 0 interest car finance , make sure to check out the link which was quoted right in this line.

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