According to Black Book, during the three-month period between July-September, 2009, when roughly 690,000 older-model vehicles were replaced during the Government's Car Allowance Rebate System program ("Cash For Clunkers"), overall used-vehicle retention increased +3.4%.

During the three-month period between August-October of 2017, when an estimated 700,000 vehicles were damaged or destroyed during Hurricanes Harvey and Irma, overall used-vehicle retention increased +1.8%.

"While the health of the overall economy and automotive sales environment was significantly different between the two time periods, it's interesting to see that the hurricanes had a similar effect on used-vehicle values compared with the Government's rebate program in 2009," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

Please let me know if you'd like to set up a call to discuss further with Anil Goyal from Black Book.

About Black Book

Black Book is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information.

Views: 15

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

About

DealerELITE created this Ning Network.

Blog Posts

Personalized Chiropractic Care

Posted by Daniel Ross on April 20, 2018 at 6:02am 0 Comments

Over the last forty years, some patients have declared a partiality as to the gender of their handling chiropractor. Some patients have applied for a male chiropractor and some patients have requested a female chiropractor – frequently due to…

Continue

Get Secure and Reliable Car Title Loan Services

Posted by Simon Hopes on April 19, 2018 at 2:55pm 0 Comments

Cash is the most important part of every human being’s life. But, sometimes it is not available when you need more. At that time, the loan is the best option that can help you to solve problems. If you want emergency cash then,…

Continue

BLACK BOOK AND AUCTIONACCESS ANNOUNCE AUCTIONACCESS MOBILE PROMOTION

Posted by Black Book on April 19, 2018 at 1:44pm 0 Comments

Dealers using the new AuctionACCESS Mobile App will be eligible for discounted Black Book Digital…

Continue

Write Service Podcast: Episode 25- Key to Making an Extra 5-10% Income

Posted by Jeff Cowan on April 19, 2018 at 12:00pm 0 Comments

This week, Jeff discusses the key to making an extra 5-10% income: having a strong follow-up program! Don't allow yourself or your process to become automated, don't rely on one approach for everyone, and always remember that NOTHING exceeds…

Continue

de sponsor

Get Newsletter

dE Sponsor

© 2018   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service