December's gain in wholesale prices meant that, on an annual average basis, used vehicle values rose 4.6 percent in 2005, the biggest such gain since 1996. Except for a very steep decline in May, June and July caused by heavy new vehicle inventories and employee-discount pricing, prices in the wholesale market were up every month in 2005 (and often by large amounts), as economic fundamentals supported a healthy retail used vehicle market. Higher consumer confidence supports current and future spending.
More Quotes from Tom Webb:
Full-size SUV prices remain down 7 percent for the year however, and were the weakest of the 20 J.D. Power (and Associates) market classes.Tom Webb
Throughout 2002 and 2003, for a variety of reasons, used vehicle wholesale values were below what their long-term relationship to what the same vehicles sold for new should be.
Tom Webb
When we initially set up our budget, we put in some inflation factors. So far, we're OK. We weren't expecting 4 a gallon gas or anything like that.
Tom Webb
My state meet didn't really go as planned. But I got my head together and have been training hard the past three weeks for this. I'm really happy. I think it was a great field. They were from all over.
Tom Webb
Asphalt prices were expensive in (the bid). It is a concern that we are facing. It's a very real concern.
Tom Webb
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