Tag Archives: alg

US July Sales Forecast Down. Prices, Profits Still Records

Posted on 27 July 2022 by Ken Zino

Total new-vehicle sales for July 2022, including retail and non-retail transactions, are projected to reach 1,159,700 units, a 5.7% decrease from July 2021. Comparing the sales volume without adjusting for the number of selling days translates to a decrease of 9.2% from 2021. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 13.7 million units, down 0.9 million units from 2021. Continue reading →

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J.D. Power Completes ALG Acquisition

Posted on 30 November 2020 by Ken Zino

The money involved right now is breathtaking. Determining an accurate residual value –  the value of a vehicle at the end of a lease term is the underpinning of auto leasing because it allows dealers and manufacturers to set the most competitive lease terms today, while protecting their profits tomorrow. About one-third of new vehicles sold each year are leased, typically for a three-year term. At any point in time, the value of vehicles in outstanding lease portfolios is estimated at $500 billion by Power. Continue reading →

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J.D. Power to Buy ALG from TrueCar

Posted on 10 August 2020 by Ken Zino

The acquisition is predicted to augment offerings from the data & analytics division of J.D. Power. It is subject to the necessary regulatory approvals. Upon approval and close, all 40 ALG employees will join J.D. Power. Continue reading →

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Subaru, Land Rover Win ALG Residual Value Awards

Posted on 27 November 2018 by Ken Zino

The awards will be presented to automakers this week at Automobility LA. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for more than 50 years and in Canada since 1981. Continue reading →

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Stronger New Vehicle Sales to Weaken Used Prices?

Posted on 4 August 2014 by Ken Zino

The continued recovery of new US vehicle sales might result in some price cuts in used rides for the first time since 2008 when the Bush Administration’s Great Recession took hold. The economy is still hurting and the US labor force participation rate and long term unemployment are disgraceful, no matter what the ‘no jobs’ Obama Administration claims. Continue reading →

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Supply of Used Vehicles Up, Values Down Slightly

Posted on 13 May 2013 by Ken Zino

The latest used vehicles report for May and June shows U.S. used car supply rising, thereby decreasing trade-in values. Continue reading →

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Resale Value of Smaller Vehicles Goes Up with Gas Prices

Posted on 15 July 2011 by Ken Zino

As fuel prices rise so does the trade-in value of smaller vehicles. Most of this is common sense, but it is backed by historical data. The consultancy ALG has modeled the effect of a 1$ per gallon change in regular gas price on 36-month resale/residual values. Continue reading →

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Hyundai Adds Guaranteed Trade-In Value to Assurance Plan

Posted on 25 April 2011 by Ken Zino

This latest marketing push is made possible by newly found strength in Hyundai residual values, now among the highest in the auto industry, as Hyundai newest generation of vehicles have increased in sophistication and quality compared to previous models. Continue reading →

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Japan Earthquake Aftershocks – U.S. Car Prices Could Rise 9%

Posted on 12 April 2011 by Ken Zino

None of this is good news for beleaguered consumers who are now facing the highest gasoline prices in almost three years, as automakers such as Ford quietly raise prices because of increased commodity and energy costs. Continue reading →

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