By Staff Writer: Sarah Rubenoff Kelley Blue Book has reported that used-car auction values have reached a three-year low. After the 2008 recession and the consequential drop in off-lease supply, news like this has been a long time coming for dealers. In fact, KBB senior market analyst for automotive insights Alec Gutierrez said, “This year
Tue, 05/28/2013 | McLEAN, Va. By: Auto Remarketing Staff Used-vehicle prices at auction are continuing their spring decline this month, falling by an average of 1.5 percent during the first few weeks of May. In his latest blog post, NADA Used Car Guide’s Jonathan Banks wrote, “With market fundamentals remaining relatively stable and late-model auction
US ferrous scrap export volumes dipped slightly year-on-year in the first quarter of 2013 on low demand from Asian consumers. First-quarter exports totalled 5.38 million tonnes, down 0.8% from nearly 5.43 million tonnes in the same period last year, according to the latest US Commerce Department data. Exporters shipped 1.96 million tonnes in March, down
Here is the latest used car market report from Black Book. As the feedback arrived from the Black Book survey personnel who attend the auctions across the country every week, what a variety of opinions were presented. From slow, to many no-sales, to a couple indicating a flat market with the other side of the
Tata Steel Ltd. said Monday the company will record a $1.6 billion impairment charge in its financial results for the last fiscal year ended on March 31 because of weak economic conditions in the European market. Tata Steel said also it has cut cash-flow estimates from its European business as it expects the market in
Updated: May 7, 2013 Scrap metal market watch graph from December 2006 to May 2013. Over last month, scrap metal prices for crushed auto bodies rose 3%. Over last year, scrap metal prices for crushed auto bodies rose 3%. Over two years ago, scrap metal prices for crushed auto bodies declined 4%.
Updated: April 5, 2013 Scrap metal market watch graph from December 2006 to April 2013. Over last month, scrap metal prices for crushed auto bodies rose 1%. Over last year, scrap metal prices for crushed auto bodies declined 2%. Over two years ago, scrap metal prices for crushed auto bodies declined 6%.
Updated through first quarter 2013 Scrap metal market watch graph from fourth quarter 2007 to first quarter 2013 Over last quarter, scrap metal prices for crushed auto bodies rose 10% Over Q1 2012, scrap metal prices for crushed auto bodies declined 3% Over Q1 2011, scrap metal prices for crushed auto bodies declined 4%
Updated: March 4, 2013 Scrap metal market watch graph from December 2006 to March 2013. Over last month, scrap metal prices for crushed auto bodies declined6%. Over last year, scrap metal prices for crushed auto bodies declined 4%. Over two years ago, scrap metal prices for crushed auto bodies declined 9%.
Updated: February 4, 2013 Scrap metal market watch graph from December 2006 to February 2013. Over last month, scrap metal prices for crushed auto bodies declined less than a percent. Over last year, scrap metal prices for crushed auto bodies declined 6%. Over two years ago, scrap metal prices for crushed auto bodies declined 2%.