IHS: GVW 3 and 8 Had Strongest Sales, Galves: What to Look for in Takata Recall March 3, 2016
Meteer_Gary_RL Polk

Commercial Vehicles Had Very Strong Fourth Quarter

Gary Meteer
Director, Commercial Vehicle Solutions
IHS Automotive

Used commercial vehicles in the GVW 3-8 categories had a very strong Q4 in 2015. Sales were up 176,000 units – 14.3% above the same period in 2014. Used vehicles made up 50.7% of total commercial vehicle sales transactions during that time. Strong used truck transactions during the fourth quarter pushed used transactions for the full calendar year to 755,109 units, the second best calendar year total since IHS started keeping these records in 2005.

See the press release from IHS on used commercial vehicle transactions

Transaction in 2015 Calendar Year 6.2% Better than in 2014:
Transactions last year only 4.6% below the record level during 2011 calendar year.

One Anomaly is Large Fleets Registering 74.1% of New Vehicle Registrations:
While 78.4% of vehicles on the highway operated by fleets of less than 500 units.

GVW 3 and GVW 8 Vehicles Had Highest Level of Used Transactions in 2015:
At 244,000 units and 272,000 units respectively, with GVW 3 at record level in 2015.

Galves Ponders Impact Takata Recall Will Have on Used Market

Dan Galves
Galves Auto Price List

One of the problems for manufacturers, dealers, and consumers with the Takata airbag recall is confusion over which vehicles are actually affected. Of course, for many of us, our particular interest in the issue relates to how it will affect the pricing of used vehicles. One issue with the potential to have a major impact on the used vehicle market are the stop-sell directives being issued to their franchised dealers by OEMs.

Here’s the Takata recall article from Galves Auto Price List

Honda/Acura and BMW Have Issued Stop-Sale Warnings to their Dealers:
We expect other manufacturers to follow suit in the not too distant future.

There May be Some Dealers Willing to Risk the Liability Issues:
May indemnify themselves with waivers from buyers willing to take the risk.

Some Cars May Become More Desirable Because They Are Not Part of Recall:
Will late model Acura TSXs rise in value because Acura dealers cannot sell late model ILXs?
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February Used Vehicle Industry Update

Wholesale used vehicle prices were flat in January, says Jonathan Banks, executive automotive analyst at NADA Used Car Guide.

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