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Featured News

NextGear Capital Available at CarMax Auctions
NextGear Capital has announced a new agreement with CarMax that will allow dealers to use their Next...

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State Says Dealers Stole Sales Tax
The co-owners of a Lafayette, La., used-car dealership face felony charges for allegedly stealing te...

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Ally Increases Used Originations
Ally Financial Inc. cut back on new-car originations in the second quarter, but came close to a reco...

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Wyoming Drivers Pay Most to Own Cars
Wyoming is the most expensive state to own a car, costing the average driver $31,587 over a five-yea...

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NextGear Capital Available at CarMax Auctions
State Says Dealers Stole Sales Tax
Ally Increases Used Originations
Wyoming Drivers Pay Most to Own Cars

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Fuel-Sippers Face Fall

kelleyAlthough declines in fuel-sipping compacts are likely to occur slowly during the next few months, Kelley Blue Book expects steeper declines for the vehicles that appreciated most since the start of the year.

Of particular risk for correction are those vehicles that are currently selling at auction near manufacturer’s suggested retail price (MSRP).

The Toyota Prius
 is a prime example of a vehicle that is likely set for a correction. The 2010
 Prius increased more than $3,000 since January 1 and has a current auction value equal to 90 percent of its original MSRP.

Dealers will be hard pressed 
to convince consumers to pay $23,500 for a used 2010 Prius at current Kelley Blue Book Retail Value, especially since a brand new 2012 Prius can be had
 for $24,000, according to the current Kelley Blue Book Fair Purchase Price.

Other vehicles making the Kelley watch list are: Toyota Yaris; Chevrolet Cruze; Toyota Corolla; and Kia Soul.