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New car prices fell 0.4% in April and 0.4% from the prior year. Compared to their peak in February 2022, prices paid for used vehicles are now down 16.8%. Used car prices rose more than 40% ...
Average rates on used car loans, meanwhile, lowered from 14.33% to 14.1% in March. The average used car rate — higher given the buying pool likely includes people with lower credit scores ...
For instance, during the J.D. Power Auto Summit in early 2024, Banks told the attendees that despite the price drops in the used car market, consumers are still paying 20% more than in 2021 ...
Website. www .nada .org. The National Automobile Dealers Association ( NADA) is an American trade organization representing nearly 16,500 franchised new car and truck dealerships, both domestic and foreign. Established in 1917, the organization is based in Tysons Corner, Virginia. As the automotive retail industry's primary trade association ...
The Black Book family of vehicle appraisal guides in the United States, providing vehicle pricing data, is published by National Auto Research, a division of Hearst Communications. New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have used Black Book since 1955. Black Book provides values for both new ...
By using data collected from the dealership, Kelley published the company’s first Blue Book in 1926, which became a standard guide in automotive trade in determining car value. [8] [9] [11] Kelley Blue Book was formed in 1926, and the Kelley family continued its dealership business in Southern California for several decades.
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