Hurricane increases used car demand, prices - Professional Carwashing & Detailing

Hurricane increases used car demand, prices

MCLEAN, VA — NADA predicts the boost in used-vehicle demand will result in higher prices in December.

MCLEAN, VA — Buoyed by Hurricane Sandy, demand and prices for used cars and light-trucks climbed in November, according to a NADA press release.

The Dec. 18 release stated that a post-storm estimate showed an improvement of .5 to 1.5 percent. NADA predicts the boost in used-vehicle demand will result in higher prices in December as well.

Mobile detailer aiding disaster relief efforts

“Prior to Sandy, we expected used-vehicle prices to drop by 2.1 percent in November. But the impact of the storm and the continuing tight supply of late-model vehicles plus strong demand slowed depreciation to 1 percent,” Jonathan Banks, executive automotive analyst with the NADA Used Car Guide, said in the release.

“Trade-in values for compact utilities, compact luxury utilities and compact and mid-size cars will be strong in December with values either essentially flat or in certain cases higher compared to last month,” Banks added.

You May Also Like

Tint World opens new location in Louisville

LOUISVILLE, Ky. — Owners Scott and Susan Hellervik open Tint World Louisville, while planning two additional area locations.

LOUISVILLE, Ky. — Owners Scott and Susan Hellervik open Tint World Louisville, while planning two additional area locations.

LOUISVILLE, Ky. — Tint World Automotive Styling Centers, auto accessory and window tinting franchise, announced the opening of a new location in Louisville, Kentucky. 

Owners and husband-and-wife team Scott and Susan Hellervik will be the first in the state to own multiple units, with plans to open two additional Tint World franchise locations in the Louisville area. 

Tint World opens 22nd Texas location

NEW BRAUNFELS, Texas — Owned by Kevin and Allyson McBreen, the new store will offer services to the northern San Antonio area.

Ziebart installs new corporate leadership team

TROY, Mich. — Automotive aftercare franchise announces three strategic promotions, including creation of chief growth officer and COO roles.

New Tub O’ Towels spray delivers degreasing power 

CLEVELAND — The new cleaner tackles oily, greasy surfaces, interior and exterior vehicle components, including wheel wells, parts, glass and much more.

Car detailing services market to register $68.8b by 2033

NEWARK, Del. — The report stated the rising trend of car enthusiasts and collectors is contributing to the expansion of the market.

detailing market report

Other Posts

Tint World location under new ownership

CHARLOTTE-MATTHEWS, N.C. — The location serves the Matthews, Rock Hill, Harrisburg, Concord, Pineville, Monroe, Indian Trail and Weddington areas.

Tunnel vision: What in-bay and tunnel washes offer operators in the growing carwash landscape

What in-bay and tunnel washes offer operators in the growing carwash landscape.

303 Automotive announces new YouTube series

CHICAGO — The web series will provide a wealth of knowledge, tips and tricks to achieve the ultimate in protection and the perfect show-quality look.

Turbo Tint opens newest franchise in Carrollton, Texas

ORLAND PARK, Ill. — The store will be owned by Eric and Richelle Grajo, who plan on opening two additional stores in the Dallas area in the coming years.