GM offers employee <b>pricing</b> on replacement <b>cars</b> - CNBC.com |
- GM offers employee <b>pricing</b> on replacement <b>cars</b> - CNBC.com
- Used Luxury-<b>Car Prices</b> Continue Slide in March - KickingTires
- Used <b>Car</b> Demand Keeps <b>Prices</b> High in First Quarter - Toyota Motor <b>...</b>
| GM offers employee <b>pricing</b> on replacement <b>cars</b> - CNBC.com Posted: 06 May 2014 08:29 AM PDT How much does employee pricing save? Cain said he'd "prefer not to" reveal that but confirmed that the prices are generally under invoice, and — a crucial detail — owners can pile any existing cash-back offers on top of them. "They have to have a recalled vehicle in their household, and it doesn't require a trade (in)," Cain said. "It becomes a no-haggle price, but you are eligible for other discounts that might be in the market. ... You'd get employee price plus any additional cash." More from USA TODAY: Though it sounds tempting, it's unclear if typical owners of the 2003 to 2011 cars —especially the older models— would be able to afford, or qualify for, new-car loans. The cars often are on second or third owners, either people who can't afford more than the few thousand dollars for, say, a 2005 Chevrolet Cobalt, or who use them simply as "beaters" — essentially, spare cars or ones used for chores or daily commutes instead of newer cars. The recalled models that wind up being traded-in for other vehicles at a GM dealership have to be checked for all recalls and have all recall repairs made before they're resold, says GM spokesman Greg Martin. That's part of the dealers' franchise agreement with GM. "We don't expect a lot of trade-ins, and for those that are traded, we have no special plans. There always is a market for low-price, high-mileage used vehicles," Martin said. He said GM continues to forecast an October completion for the recall repairs. Among the most attractive offers are up to $1,500 off certain 2014 Chevrolet Cruzes and $2,500 off 2014 Chevrolet Malibu sedans, as well as up to $4,750 and $3,750 off 2014 Chevrolet Silverado and GMC Sierra 1500 pickup trucks, respectively. Buick, meanwhile, offers up to $1,500 off the LaCrosse or Enclave. Subtract those amounts from the employee pricing, and you could see serious savings on a new car. If affected drivers want a used GM replacement, the automaker will offer $500 off the purchase of a GM certified pre-owned vehicle, Cain said. --By Kelsey Mays, Cars.com/USA Today  |
| Used Luxury-<b>Car Prices</b> Continue Slide in March - KickingTires Posted: 27 Mar 2014 06:56 AM PDT Models from luxury brands accounted for seven of the top 10 used cars with the biggest price drops in March. That's the same number of luxury brands we saw on the list last month. Overall used-car prices held mostly steady in March, down just $6 to an average of $23,243. Used Luxury-Car Prices Drop Most in February Luxury brands had the majority of cars on the list, but the Chevrolet Volt extended-range electric car experienced the biggest price drop. It was down 3.1 percent ($811) to $25,000. This winter has not been kind to used Volt prices, which are down 10.5 percent ($2,922) since Dec. 1, 2013. Among cars with the biggest price gains, the Ford E-250 Super Duty full-size van led all models for the second month in a row. It was up 2.6 percent ($548) to $21,946. Most of the models in the top 10 were cars and trucks from mainstream brands, but one luxury car — the Mercedes-Benz SL-Class roadster — made the list with a 1.9 percent ($1,536) increase to $82,138. The charts detail used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory. Cars.com photo by Evan Sears |
| Used <b>Car</b> Demand Keeps <b>Prices</b> High in First Quarter - Toyota Motor <b>...</b> Posted: 05 May 2014 07:25 AM PDT Sales of used vehicles slipped 6.7% in the first quarter of 2014, from 9.8 million units in the year-ago quarter to 9.1 million units this year. Franchised sales were up 11% at 2.8 million, with the decline coming from private party and independent dealer sales, which were down 11.4%. The average retail price for a used vehicle at franchise dealers was $16,090, up 1.4% sequentially and up 1.7% year-over-year for the quarter. Even with higher volume, franchise dealers were able to keep the price higher, indicating that demand for used vehicles remains high. The data come from auto industry research firm Edmunds.com. New vehicle sales totaled about 29% of the market in the first quarter, compared with 71% of sales for used vehicles. That is a sequential rise from 68%, but down from 72.6% in the first quarter of 2013. The top five auto sales segments by market share are midsize cars (9.4%), compact cars (9.3%), large trucks (7.4%), entry-level luxury cars (7.1%) and midrange luxury cars (6.2%). The leading model by first-quarter sales in each of these segments is:
ALSO READ: Toyota Camry Holds Spot at No. 1 Car in America The largest change in market share among the top-selling models came in the entry-level luxury SUV category, where the Lexus RX 350 from Toyota Motor Corp. (NYSE: TM) rose to 10.8% share. All top five categories with the largest positive share changes were SUVs. The RX 350 was followed by the Honda MDX (10.5%), Honda CR-V (5.2%), Chevrolet Equinox (4.5%) and Chevrolet Acadia (3.8%). The largest quarterly declines in market share came in these segments:
The analysts at Edmunds.com expect new car sales and leasing to remain strong in the second quarter, easing demand for used vehicle inventory. Low borrowing costs and advantageous leasing deals could boost new car sales. For used vehicle sales, Edmunds.com says lower income consumers are staying out of the market during the uneven economic recovery, especially in private party sales and at independent dealers. |
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