The 2015 Sundance Film Festival is set to kick off on 22 January in Park City, Utah. One of the largest independent film festivals in the United States, Sundance holds competitive screenings of international and American documentaries and dramatic films. The festival will run until 1 February.
Certified pre-owned models are considered good alternatives to new cars, since they are generally fresh from rental car or corporate fleets, usually three years old or younger and backed by a warranty.
Prices for them remain high because “dealers struggle to get enough of them on the lot,” says Alec Gutierrez, senior analyst for Kelley Blue Book.
Certified used car unit sales are up 10% for the first 10 months of the year compared to last year, says Tom Webb, chief economist for Manheim, a wholesale auction house for used cars. There have been record sales of them in each of the last three years and, he says, the trend is almost assuredly going to continue for 2014.
“The programs have been marketed well,” Webb says. “What people are buying is piece of mind.”
Overall, through the first 11 months of the year, the number of used cars sold is virtually unchanged from the same period a year ago, CNW says, which makes activity on certified used cars all the more impressive.
However, they are just one piece of a used-car market in November that was strong both in activity and price, he says.
Overall transaction prices for used cars are up 15% this year when sales both though dealers and private parties are taken into account.
As the economy continuing to gain strength, low-mileage pickup trucks have been among the strongest performers, commanding high price at auction due to their short supply. Most are work trucks, needed by construction and other workers who need them.
“These trucks are doing really, really well” in the used market, says KBB’s Gutierrez.
Certified used car unit sales are up 10% for the first 10 months of the year compared to last year, says Tom Webb, chief economist for Manheim, a wholesale auction house for used cars. There have been record sales of them in each of the last three years and, he says, the trend is almost assuredly going to continue for 2014.
“The programs have been marketed well,” Webb says. “What people are buying is piece of mind.”
Overall, through the first 11 months of the year, the number of used cars sold is virtually unchanged from the same period a year ago, CNW says, which makes activity on certified used cars all the more impressive.
