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am-online : declared in Cox Automotive brands report January used car price rise

referring to Cox Automotive saw year-on-year increases in selling prices in both the wholesale and retail used car markets in January.
Ex-fleet cars recorded an increase in sold volumes of 6.2%, with the average selling price 7.5% below the same month last year.
SUV prices were also up year-on-year, by 2.4%, and perhaps as a result of a relatively mild December, the average selling price rose by 38% month-on-month.
Part-exchange cars saw a 4.9% year-on-year increase in prices, with volumes falling by 7.8% compared to January 2016.
Manheim recorded an average selling price for cars at its auctions of £5,713, a 2.1% rise from the same month last year while cars sold through Motors.co.uk achieved an average of £12,700 – 12.2% up year-on-year.

as declared in

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NBC News article on how OEM business costs show up in car price offers perspective on shop rates

as declared in Labor and the factory: “Labor is nowhere near the most expensive part of building a car,” NBC News wrote.
According to the network, here’s how the cost of the car breaks down for an OEM:Parts and components: 60-65 percent, according to NBC News.
More information:“As Trump Stresses Manufacturing Jobs, How Important Are Labor Costs for Automakers?”NBC News, Feb. 6, 2017Images:Volkswagen’s Chattanooga, Tenn., plant poses to mark the start of production on the 2018 Volkswagen Atlas.
(Provided by Kia)CCC released data in 2016 showing how the cost of a repairable car broke down for the collision repair industry.
So both political sides can put their knives away, relax and enjoy the article for the business story it actually is.)

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collected by Emily Jack

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