McLEAN, Va., and CHICAGO - Wholesale prices are still on the upward swing as March comes to a close and
we near the end of tax season, according to AuctionNet data provided to Auto
Remarketing.
McLEAN, Va. - While domestic models made up the majority of the Top 10 most-researched used
vehicles at NADAguides.com last month, many of the brands boasting the greatest
increases in consumer search activity were imports.
Prime Minister Stephen Harper’s announcement regarding a free-trade agreement
between South Korea and Canada garnered a bit of a mixed review from the
automotive industry and unions.
The latest report from IBISWorld and findings from Equifax Canada released
this week covered what appears to be a rosy future for the used-car industry, as
analysts predict strong growth in the Canadian automotive industry and report
more consumers turning to the used-vehicle industry for their next car
purchase.
This week, the Canadian automotive industry had time
to respond to the Canadian Government’s introduction of an improved test
methodology for establishing fuel-consumption values, which will be used for new
2015 model-year vehicles — and the verdict is positive.
With more than 250 million used cars on the road in the U.S., and close to 40
million of those vehicles changing hands each year, it’s fair to say the
used-car sales business is one of the largest in the country.
Honda took the top three spots on Kelley Blue Book’s
list of 25 most-researched vehicles on KBB.com during January, but it was Toyota
leading the way with five of its models cracking the rankings.