"There appears to be no letup in the demand for cars from the data we're seeing," said Jonathan Banks, executive analyst at NADA Used Car Guide. "While extreme winter weather created a pent-up demand situation in several markets helping the pricing figures rise, it appears the American buyer is ready to acquire a new set of wheels."
Tax Refunds Play a Role
With tax refund checks filling the bank accounts of millions of Americans, analysts at NADA Used Car Guide believe April will continue the upward sales and pricing trends they've observed.
The monthly Guidelines report also found that manufacturers are barely spending more than last year to move new vehicles off of dealer lots and into consumer driveways. Average spending per new vehicle year-over-year was up a slight 0.4%, or $2,726.
Download the Report
The full report explaining trends and forecasts can be downloaded for free on the NADA Used Car Guide website at http://www.nada.com/b2b.
About the NADA Used Car Guide
Since 1933, NADA Used Car Guide has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. NADA's editorial team collects and analyzes over 1 million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more, and follow our Facebook, Twitter and YouTube pages to stay up-to-date on the latest automotive industry information.
NADA represents nearly 16,000 new-car and -truck dealerships with more than 32,000 domestic and international franchises. For more information, visit www.nada.org.
Sr. Manager, Public Relations
NADA Used Car Guide
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SOURCE NADA Used Car Guide