NADA mid month updates, first time in History

[bryanW1995]

For the first time in history, NADA has updated its pricing guide during the middle of the book's monthly cycle (typically dealers start using the next month's book around the 20th). Many vehicles are $1000 + higher today than they were pre-earthquake/tsunami, and NADA felt that they couldn't wait to update the prices. Here's a link with a list of the affected vehicles. If you're imminently looking to buy one of these (new or used) then I would do so this weekend before the new data gets out to everyone and his dog, and if you're looking to trade/sell then make sure that you're aware of the increse in value of your vehicle.

http://www.magnetmail.net/actions/e...e_id=1287652&user_id=NADA_ASG&group_id=620469

 

[RU482]

Mercury Grand Marquis...really?

 

[speedy2]

What a load of crap. Same with oil.

"Hey everybody.....somebody blew there nose! Time to increase oil prices!"

FAIL

 

[bryanW1995]

It's called supply and demand. Demand (outside of japan obviously) for new cars has remained the same, while supply has decreased for many of the most popular models. What happens to the market? Toyota has already announced new car price increases, averaging around $600 per unit iirc. Dealers won't discount as much when they are in danger of running low/out of units. People who have a certain budget become more likely to look at a clean, late model used car...etc etc.

Another way to look at it: Oil prices have changed due to speculation of likely prices in the medium/long term. Auto book prices have changed because people are paying more for those cars at auction.

@RU482: I didn't look at that, but I guess it makes sense. That car is about the same size as the avalon or a higher-end lexus. If you notice there aren't any pickups/etc on the list, it looks like it's only cars that are either made in japan, sold by one of the japanese companies, or compete with a japanese model.

 

[Bignate603]

What a load of crap. Same with oil.

"Hey everybody.....somebody blew there nose! Time to increase oil prices!"

FAIL

This isn't an imagined problem. When factories get shut down they can't make cars and/or car parts.

 

[SonicIce]

april fools?

 

[PricklyPete]

so which of these cars do you sell?