An article from reinforces what we’ve been hearing about in remarketing for several months. Citing a joint report from Black Book and Fitch Ratings Inc., used car prices are expected to drop at an accelerated rate this year, coming from increased supply and larger off-lease volumes. Black Book and Fitch predict that last year’s annual depreciation rate of 12.1% will see a significant rise, ending the year at 14.5%.
Dealers selling used cars are presented with the challenge of effectively managing their inventory and maximizing used vehicle sales as pricing goes through a period of decline. One way dealers can help hold more gross on their sales is by showcasing their premium inventory that consumers may be willing to pay more for on CARFAX® Used Car Listings™.
To help minimize the impact of fallen used car prices, here’s what dealers can gain from listing their inventory on CARFAX® Used Car Listings™…………
- In the age of falling used car prices, you can hold more gross by listing your used car inventory on CARFAX® Used Car Listings™.
- With CARFAX® Used Car Listings™ and the vehicle history highlighted upfront, you can showcase your premium inventory like Carfax 1-Owner cars, Well-Maintained vehicles, no reported accidents, etc. that shoppers can search for and may be willing to pay more money for.
- CARFAX Vehicle History Reports, included with every vehicle on CARFAX® Used Car Listings™, shows your customers how the vehicle history on your inventory can positively impact its book value, helping to maintain or raise your margins. The CARFAX Vehicle History Report helps dealers effectively price and evaluate the car based on the vehicle history. With a CARFAX Report, a dealer can show potential buyers why a car is worth more money – which in turn helps to hold more gross.
- To learn more about CARFAX® Used Car Listings™, call 888–788‑7715.