Home Add to Favorite Contact Submit  
           28 March, 2024


    
Category:  Press » Automotive

 

Late-model Luxury Vehicles Feel Pressure as 2010 Models Enter Auction Lanes, According to Blue Book Market Report

Popularity:
         Views: 1559
2010-08-23 06:16:22     
Kelley Blue Book

Kelley Blue Book www.kbb.com, the leading provider of new and used car information, today reports that the arrival of 2010 model-year vehicles at auction has put downward pressure on late-model luxury vehicles, as covered in the company's Blue Book Market Report for August 2010.

The used-car market was relatively flat for July 2010 with a 0.2 percent overall increase in values. Among depreciating segments, luxury cars and crossovers dropped more aggressively than their non-luxury counterparts, each depreciating 1.5 percent on average. As 2010 model-year luxury vehicles have started to arrive at auction, the value of 2009 and 2008 model-year vehicles have dropped to accommodate the arrival of these newer vehicles in the marketplace.

With continued weakness in the economy, car shoppers are trending toward vehicles that offer great fuel economy at an affordable price. According to Kelley Blue Book Market Intelligence, luxury owners who are not reconsidering their vehicle's brand are looking toward their car's non-luxury counterpart. The manufacturers with the highest percentage of owners defecting to their non-luxury parent brand are Acura to Honda and Lincoln to Ford at 23 percent each, as seen on kbb.com. Cadillac owners follow with 19 percent of owners interested in Chevrolet, while 16 percent of Lexus in-market owners are moving toward Toyota.

"While this is common in most segments, this phenomenon is more pronounced this year in the luxury segment due to the luxury buyer's preference for the latest and greatest model," said Juan Flores, director of vehicle valuations for Kelley Blue Book. "With fresh luxury vehicles appearing at auctions, demand is skirting away from two- and three-year-old vehicles, putting significant downward pressure on their values."

Leading the luxury segment's depreciation in values are the BMW 7 Series (-3 percent), and the Mercedes-Benz CLS-Class (-3 percent), ML-Class (-4.1 percent), R-Class (-3 percent) and GL-Class (-3 percent). Mercedes Benz depreciation (1.8 percent for the month) has resulted from the aforementioned trend; arrival of 2010s at auction and increased volumes of two- and three-year-old vehicles returning from lease. This has contributed to an increasing supply of vehicles, ultimately lowering transaction prices for Mercedes-Benz products. It should be noted that although Mercedes-Benz is down significantly for the month, they remain up 3.5 percent year-over-year.

The monthly Blue Book Market Report explores the state of the automotive industry by analyzing Kelley Blue Book® Wholesale Lending Values. The report also discusses developments in residual values on a bi-monthly basis.

If you would like to subscribe to the monthly Blue Book Market Report, please e-mail pr@kbb.com. For more information on Kelley Blue Book and the Blue Book Market Report, please visit www.kbb.com/media.

About Kelley Blue Book (www.kbb.com)

Since 1926, Kelley Blue Book, The Trusted Resource®, has provided vehicle buyers and sellers with the new- and used-vehicle information they need to accomplish their goals with confidence. The company's top-rated website, www.kbb.com, provides the most up-to-date pricing and values, including the New Car Blue Book® Value, which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book® Official Guide. According to the C.A. Walker Research Solutions, Inc. - 2009 Spring Automotive Website Usefulness Study, kbb.com is the most useful automotive information website among new- and used-vehicle shoppers, and half of online vehicle shoppers visit kbb.com. Kelley Blue Book's kbb.com also is a W3 Gold Award winner, sanctioned by the International Academy of Visual Arts. Kbb.com is a leading provider of new car prices, used car values, car reviews, new cars for sale, used cars for sale, and car dealer locations.

Specialized in: Cars - Vehicle - Vehicles - Automobiles - Blue Book Value - Kelley Blue Book - Kelly Blue Book - Kbb
URL: http://www.kbb.com
Print press release      Bookmark this page
Related Press releases 
Metro Limo Cars Launches Its New Website For Limo Service in Oakland County & Surrounding Areas (Popularity: ): Southgate, MI —October 17, 2016— Metro Limo Cars, a professional and reliable company offering airport transportation and limousine service in Oakland, MI and areas is pleased to announce the launch of its new website. Located at limomacombcounty.com/, the new website offers an easy and quick access to essential information about Metro Limo Cars and its very popular and trusted airport limo service in Oakland County, MI and limo service in ...
Custom Corvette Accessories Announces the Launch of Their Brand New Website (Popularity: ): Manassas, Virginia ( press.abc-directory.com ) September 28, 2016 - Today's online shoppers are a lot savvy than they were just a few years ago. With this in mind, Custom Corvette Accessories designed a new website with many new features tailored to streamlining the purchase of Corvette parts and accessories.The great minds behind "Corvettepartsandaccessories.com" are proud to announce the launch of their brand new website. To meet the sky-rocketing demand for ...
Travelauto.com Launches New Website (Popularity: ): 19th November 2014 Dubai, UAE: Travelauto.com a global online car rental marketplace has announced the launch of its new website with enhanced user-friendly experience using advanced technology to make car search easy. The portal is created with user experience as a high priority in mind, to enable customers to browse across the site to get an enriching experience and the benefit of easier navigation to the desired content results available ...
Discounted SMA RF Connectors Provided By China Electrical Accessory Supplier LenoRF (Popularity: ): June 13, 2014 -- Recently, LenoRF, a reliable electrical accessory supplier, has announced its new designs of SMA RF connectors. As a special offer, all customers can enjoy a discounted rate (up to 30 percent off) when ordering the company’s brand new connectors.All of the company’s SMA RF connectors are carefully made by experts that have rich experience in the electrical industry. They are available in various specifications. LenoRF wants ...
Higgins Automotive Utilizes the Shadowmatch Suite of Services (Popularity: ): Addison, TX - June 24, 2013 -- Higgins Auto Parts, a Bakersfield, Calif - based auto parts company, utilized the ShadowmatchUSA behavioral benchmarking system to accelerate its hiring process. With the Shadowmatch Behavioral Benchmarking Tool and Services, Higgins Automotive was able to accurately predict what behaviors to look for in its next team member.In the unique environment of the automotive industry, it was important to identify and employ the traits ...


Related Business 
Cadillac Catera (Popularity: ): We at cadi model deals with Cadillac Model like Luxury Cars, View all the latest luxury vehicles available from cadi model for more detail feel free to visit us.
Auto Interior and Upholstery (Popularity: ): Leather seat covers for late model vehicles and molded carpet for 1940-present foreign and domestic vehicles.
Recreational Vehicles For Sale (Popularity: ): Are you the one who is planning to buy or sell a used and new model of RV? If yes, then you at a right place named as rvequipment.net. This is an online market place where buying and selling of high class RV is done on greater grounds where the new models are not only focused as the used RVs of the branded companies are also taken into consideration at ...
Architectural models (Popularity: ): Modelmakers is a long established model making company. We specialise in Architectural Models but also offer a wide range of other model making services including exhibition models, display models, fibreglass models, industrial models, topographical models, laser cutting and laser engraving.
Taronis Motor Salvage (Popularity: ): This company specialises in vehicle restoration. They aim to selvage vehicles, if this is not possible the offer a scrapping service which is carried out professional by members of their team. Supplies of cheap second hand parts. We specialise in damaged, late model vehicles, and are breaking over 200 vehicles at any one time, which means that you can always rely on our team to deliver exactly the parts that ...
World Best Market - B2B Market, B2C Market (Popularity: ): Buy, sell, swap almost anything on World Best Market, the free, secure, friendly online marketplace for wholesale, retail, auction, shopping, trade. Free online auction site listing, store opening, reverse auction project posting, wanted ads buying leads, and more on WorldBestMarket.com.
Hartford Speedway Park (Popularity: ): A 1/2 mile, high-banked, clay track located in Hartford. Regular racing includes Super Stock, Endro, American Late Model Series, Dirt Late Models, UMP Summer Nationals, GLOSS Sprints and World of Outlaws.
Ebay Auction Sniper (Popularity: ): Free ebay auction sniper that will help you win any auction on Ebay in the final sections of a auction. It's frustrating because even if you do win the auction you feel deflated because you know you could have had a bargain if it wasnt for the other bidder.
Used Cars in UK (Popularity: ): Japanese vehicles are one of the best selling vehicles around the world and UK is one of the leading market for Japanese used vehicles exporters in Japan. Some best selling models like Bongo Friendee, Impreza Wrx, Demio, Civic, Harrier, Lancer Evolution and many more are always been in good demand in automobile industries. Through this portal buyers don't need to visit different dealers's websites to check their stock of Japanese ...
Auction Pro Japan (Popularity: ): AUCTION PRO JAPAN is a Japan based company for exporting Japanese sports cars and Japanese car auction. AUCTION PRO JAPAN is a leading Japanese car imports company in the market with a vast selection of models.