Dealers Struggle to Find Auction Bargains in March

- April 2, 2013

With March com­ing in as a strong month for auto sales across the board, Black Book’s Ricky Beg­gs says deal­ers strug­gle to find bar­gains in the lanes.

Get the facts and fig­ures as pro­ject­ed by Beg­gs for the week.

All told, 15 of the 24 seg­ments Black Book tracks fin­ished with high­er prices week-over-week, accord­ing to edi­tors. They deter­mined aver­age car prices dipped by $3 for the sec­ond week in a row while aver­age truck prices rose by $7, the same lev­el as the past two weeks

“Based on the sur­vey per­son­nel com­ments from their views from the auc­tion lanes the final adjust­ed num­bers fall right in line,” Beg­gs said.

Look­ing at some spe­cif­ic prices move­ments among cars, Black Book men­tioned that deal­ers are look­ing for eco­nom­ic, fuel-effi­cient mod­els, cre­at­ing demand for entry lev­el cars (up $32), com­pact cars (up $15), upper mid­size cars (up $16) and entry mid­size cars (up $5)

Of note on the truck side, prices for com­pact SUVs moved high­er for the sev­enth con­sec­u­tive week, ris­ing $26. And prices for com­pact crossovers climbed for the fourth time in the last five weeks, increas­ing $19.

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