Used Car News 2/13/23

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UCN Used Car News

Regulators Propose Stricter Rules for Dealers

requirements in the retail auto industry don’t go away, they just seem to expand.

The new year brings a couple of major requirements for independent dealers and some proposed rules, which would also mean big changes.

The Federal Trade Commission under the Biden Administration has been active in pushing for new regulations while also inflicting heavy punishments on those who don’t follow the current rules.

The FTC’s most recent proposed rule is to ban non-compete clauses and it has scheduled a Feb. 16 public hearing for people to discuss their experience with such clauses.

The FTC’s proposed rule generally would prohibit employers from using noncompete clauses, includ-

ing independent contractors and anyone who works for an employer, whether paid or unpaid. Among other things, the rule would also require employers to rescind existing noncompete clauses and actively inform workers that they are no longer in effect.

Adam Crowell, president and general counsel of ComplyNet, discussed some of the regulatory challenges in the recent Used Car News Podcast.

“With this administration, we have three Democratic FTC Commissioners and currently there’s only one Republican because the other one stepped off the board and hasn’t been replaced (at press time),” Crowell said.

This current version of the FTC is acting aggressively to push rules affecting auto sales.

“With this administration they

have a lot of things they are trying to get accomplished and there are a lot of rules they are trying to get passed,” Crowell said.

These rules are likely to get passed, but it’s too early to know their final form or when they will get passed.

Crowell said it’s important for the used-car industry to pay attention to this process, from issues involving dealer markups, the Fair Credit Lending Policy and even with F&I products.

The elephant in the room now is the FTC’s proposed Motor Vehicle Trade and Regulation Rule.

It is something the FTC would like published on every dealer’s website.

That would include every add-on product the dealer sells, what the price of those products are and – if there is no set price – then the range

Continued on page 3

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Compliance Regulators

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of costs offered to consumers.

The FTC would like a standardized set price and markup.

“They are focusing very much on how the dealers are setting the price of a vehicle and how it’s being reflected online in advertisements and in social media.”

Last month, Mike Stanton, president and CEO of the National Automobile Dealers Association, warned about the broad scope of this proposed rule.

For example, under this requirement, if a customer called and asked if a dealer had an F-150 in stock, the dealer would be required to cite every F-150 they have in stock, including the stock number and offering price.

“It’s insane,” Stanton said.

Crowell’s big concern is that the rule proposes a very set process for dated time stamps and forms that have to be utilized by dealers.

“It’s going to be very, very difficult to be in compliance if this rule passes,” he said.

If someone asks about the price of a car, the dealer will have to provide what is called an “offering price,” the calculation would be every single fee that goes into the vehicle price if the customer wanted to buy the vehicle right now, Crowell said.

Dealers will have to start talking about an “offering price” long before a dealer even starts discussing F&I or payments.

However, there has been a lot of pushback by national and state associations, as well as possible litigation if the rule is passed.

The rule was introduced last summer. The FTC called it a “first step toward establishing a set of guidelines that would provide consumers with key protections against dealers who unlawfully charge junk fees without their consent or engage in bait-and-switch advertising.”

The proposed measures would:

• Ban bait-and-switch claims.

• Ban fraudulent junk fees.

• Require full upfront disclosure of costs and conditions.

The proposal came at a time when the FTC made news by dropping heavy penalties against dealerships over the past year.

Last November, the FTC sent payments totaling more than $9.8 million to consumers who were harmed by Illinois-based Napleton Automotive Group’s junk fees and discriminatory practices.

In October, the FTC announced Maryland-based Passport Automo -

tive Group paid more than $3.3 million for tacking on hundreds to thousands of dollars in illegal junk fees to car prices and for discriminating against Black and Latino consumers with higher financing costs and fees.

A month earlier, the commission sent payments totaling $415,000 to customers of Tate’s Auto, based in Arizona and New Mexico, for allegedly deceiving consumers about payment information and falsified information on consumers’ financing applications.

An auto marketing company was also banned from the auto industry entirely by the FTC after it found that they illegally misled consumers to believe their websites were affiliated with a government stimulus program, among other misdeeds.

The auto industry got some reprieve this year when the FTC extended the deadline for compliance of the new Safeguards Rule. The

original deadline had been in January and now is delayed until June 6.

The Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe.

One change is dealers must have a written risk assessment that identifies security risks, confidentiality, and integrity of customer information. Dealers need to look at their systems for handling consumer information along with paper and physical records. Dealers must identify risks to the systems, evaluate the adequacy of existing controls for addressing risks and identify how these risks can be mitigated.

Dealers must name an individual

who is qualified to head up their information security program. Qualifications will depend on the size and complexity of a dealer’s information system. The individual must have some level of information security training and knowledge. The individual must report in writing, at least annually, to the dealer’s board of directors or equivalent concerning the businesses’ Safeguards program and effectiveness. Also, all customer data must be encrypted at all times.

Several other requirements are also part of the revised rule and dealers should consult with their attorney or a compliance firm.

The Equal Employment Opportunity Commission also monitors wrong doing, recently levying a $62,500 fine on a franchise dealer for paying a female employee less than the male employee.

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2/13/2023
Photo by Jeffrey Bellant SAFEGUARD: Adam Crowell, president and general counsel of ComplyNet, urges dealers to address compliance issues such as the Safeguards Rule to avoid problems in the future. LINA KHAN ROHIT CHOPRA

Associations

education, which is mandated by the state,” Melendez said. “For VIADA, once a year we have a state convention in October, then in April we do what we call a Dealer Education Day.”

Like the convention, the Dealer Education Day has vendors but it is a single day event, compared to the multi-day state convention, Melendez said.

One of the benefits of attending either of the two annual association events is they each offer the statemandated continuing education course for free.

“That way we get more people to visit with our vendors,” Melendez said.

behalf of their industry.

The association’s lobbying and its

efforts to boost dealer education are things Executive Director Alvin Melendez is proud to talk about.

Melendez is also prepping for Virginia IADA’s Dealer Education Day event that occurs once a year in April.

“This is separate from continuing

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The agenda for this year’s education event was still in the works at press time, but Melendez was able to provide a preview.

“Obviously, I always have people come in from National Independent Automobile Dealers Association to speak,” he said. “I’m also having Justin Osburn (CEO of Automotive Reinsurance Concepts) speak on sales training. Cory Collins will talk about F&I menu selling.

“We’re also going to have Virginia’s executive director of the Motor Vehicle Board, William Childress, who’s going to speak on the best practices for dealers to follow so they don’t get in trouble with the agency.”

Childress will discuss audit reviews, consumer complaints and the most common violations.

For years, Virginia IADA headquarters had been in Virginia Beach, but relocating to Richmond, the state capital, has been important.

“It’s closer for lobbying,” he said. “It’s closer to government agencies. We’re 15 minutes away from the headquarters of the Department of Motor Vehicles and the Motor Vehicle Dealer Board.

“Our relationship is phenomenal, the way it has changed, just by having our location there where we can make our voices heard.”

A little over a year ago, the group also hired Gonzalo Aida as its own full-time lobbyist to deal with government affairs.

“He’s done an outstanding job,” Melendez said.

The association also has a political action committee (PAC), which distributes about $20,000 to $30,000 per year to various lawmakers.

“We hand carry every donation and we let them know who we are,” Melendez said.

The association also prepared a document for lawmakers that Continued

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Dealers
Members of the Virginia Independent Automobile
Association went to their state capital recently to lobby on
on
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Virginia IADA – Continued from page 4

illustrates the economic impact used-car dealers have on the state of Virginia.

The statistics provided in the document help the association’s independent dealers make their case to lawmakers.

The report shows that 82% of the licensed car/truck/motorcycle dealers in Virginia are independent dealers.

The report states 91% of independent dealers are family-owned and operated.

The average hourly pay for a fulltime employee of an independent dealership is $18 per hour.

Melendez added that 58% of independent dealers have been in business over 20 years.

For customers looking for auto repairs, more than half of independent dealerships have service shops.

“Last year in Virginia – just in Vir-

ginia, not out of state – we sold over 324,000 cars and collected over $10 million in title and license fees, not including taxes,” Melendez said.

Independent dealers in the state also employ just under 20,000 people, he added. Nearly 80% of independent dealers are small businesses that employ five or fewer employees.

“We collect over $200 million in tax revenue from vehicle sales in the Commonwealth,” Melendez said.

The association points out to lawmakers that while there are only 444 franchise dealers in Virginia, there are almost 3,400 independent dealers.

Aida uses these stats to convince lawmakers that independents deserve the attention that normally goes to new-car stores.

“We are the majority of car dealers, so why are you talking to (franchise dealers) and not to us?” Melendez

said. “We are the majority.”

Virginia IADA wants its members to be better businesspeople and uses its events and educational offerings to achieve that.

For example, last year the group introduced a bill for continuing education that is more than just a boxchecking exercise.

“Instead of being a video that people just sign up for and watch to pass, ours is instructor-led so people can really learn something, you know,” Melendez said. “So, we cut it down from six hours to four hours, but it’s an interactive class.

“Now when they’re taking the classes, they are loving it. It’s interactive and they can ask questions and learn something they didn’t know or something they had forgotten. So, we’re elevating education in the Commonwealth.”

When that bill – House Bill 316 – was introduced, it passed unani-

mously through all committees, Melendez said.

The association helped pass a bill to fight the problem of catalytic convertor theft, which is a nationwide epidemic.

“Last year we helped pass a bill that makes catalytic converter theft a Class 6 felony in Virginia,” Melendez said.

The new punishment could include up to five years in prison and hefty fines. It also includes a requirement that recyclers who buy catalytic converters must get a driver’s license and have the name, brand and VIN of the car, Melendez said.

Melendez has the benefit of having been a longtime car dealer, which has helped him in his job as the association director.

Originally from Puerto Rico, Melendez’s automotive career began with a summer internship at a Maryland Ford dealership in 1986.

5 News
2/13/2023

Legislation

2/13/2023

Independent dealers in Washington state are lobbying against a bill that would force used car dealers to provide an express warranty on vehicles with up to 125,000 miles.

The Washington State Independent Automobile Dealers Association is leading the fight to kill this legislation.

“It’s not really going to help at all,” said Rick Olson, WSIADA director of operations.

The bill originated after a customer bought a $13,000 car last year and brought it back a short time later because it reportedly needed $3,000 in repairs, Olson said.

The dealer pointed to the as-is buyer’s guide and implied warranty waiver, saying he did not have to do the repair.

The consumer went to an investigative reporter who contacted the dealer, resulting in the dealer buying the car back, Olson said.

But the reporter went forward with a story and questioned why a lemon law didn’t apply to used cars. He went to the state attorney general on the issue, Olson said.

Washington Attorney General Bob Ferguson partnered with a state representative to introduce HB 1184, the Used Motor Vehicles Express Warranties Act. It would require a warranty on used vehicles based on a sliding scale depending on the mileage at the time of purchase.

For example, a car sold with less than 40,000 miles would have a warranty of 90 days or 3,750 miles. From 40,000 to 79,999 miles, the warranty would drop to 60 days or 2,500 miles. Then cars with 80,000 to 124,999 miles would be covered for 30 days or 1,250 miles.

Vehicles with 125,000 miles or more would be exempt from the warranty.

The bill was introduced on Jan. 12. Olson said the bill moved into House Consumer Protection and Business committee earlier this year.

“On Jan. 18, we attended a hearing and had three members from our board of directors – who are car dealers – testify about aspects of the (issue) that lawmakers hadn’t thought about,” Olson said.

For example, the bill would allow a dealer three chances to fix a vehicle or they have to buy the vehicle back and pay 15 cents per-miledriven back to the customer, Olson said.

Association members testifying had several questions about how the proposed law would work in practice. How would a dealer do license fee returns?

How would they return the state business and operation tax?

How would a return affect a customer’s credit score since the credit already takes a hit when they buy it?

“There were a whole bunch of things the committee members didn’t know would attach to this bill,” Olson said.

The bill was amended a couple of times.

Another issue that came up involved the requirement for repairs that only franchise dealers can do, which will end up taking a lot of time.

The biggest misconception over this issue is consumers who think lemon laws apply to used car purchases.

“That happens all the time,” Olson said.

Forcing these warranties on consumers is just going to affect affordability.

The concerns and objections did have an impact, Olson said.

WSIADA had strong support at the original hearing on the bill.

“We had our board president, vice president, treasurer along with (representatives from) two auctions who spoke remotely and someone from the Washington Retail Association who testified against the bill,” Olson said.

Other people who gave input on the bill include 30 against and five for, he said.

“Just based on that, they knew the bill wasn’t going to move out of the House,” Olson said.

“As far as we know, the House side of the legislation is dead. It’s not going to leave the committee.”

However, Ferguson was able to find a sponsor for the bill on the Senate side, Olson said.

“That one’s going to be Senate Bill 5610 and it’s the same (language),” Olson said.

“This bill would just push consumers to buy from other consumers instead of dealers. It also will raise legal issues.”

What happens to the Used Car Buyer’s guide is another question the legislation doesn’t answer.

At press time, Olson said WSIADA’s lobbyist expected there would be a hearing later this month.

Dealers Lobby Against Bill 6

Retail Markets

ILLINOIS

Randy Crase, owner, Crase Auto Connection, Channahon, Ill.

“We opened in June of 1992. We have been lucky enough to buy a few of the adjacent properties.

“We have an average of 8085 cars on site, and always seem to have another 20 or 30 waiting.

“Two years ago, we sold over 60 a month. Last year we were just under 50. Our two-year averages for vehicle type sold are 45% trucks, 35% SUV and 20% cars.

“We definitely sell more domestics, we’re 40 miles outside of Chicago, kind of a rural town. Chevys and Fords are good for our demographics.

“Reconditioning has gone through the roof. It hurts our turn a bunch. We used to source most of our vehicles from new-car stores, and

after COVID hit, they were keeping a lot of those cars. So, a lot of the inventory we were getting at auction needs a lot more recon. Our average is nearly $1,400 a car, compared to a little over $800 two years ago.

“We have a service department, which helps keep some money in our pockets. We are now getting about 50% of our vehicles via auction. I have a few favorite auctions, Manheim Chicago and Rockford Auto Auction. They both have really unbelievable management and support teams.

“We seem to do better with units that are at least 3 years old. Mileage varies. Last week we sold a 2020 Equinox with 18,000 miles, the next day we sold a 2012 Ford F-150 with 200,000 miles. We try to keep our inventory under 100,000 miles.

“The last few years, down

payments were a thing of the past. What I am seeing recently is the banks tightening up. Cash is king.

“As far as advice, I don’t think I would tell anyone to get into this business right now. I believe we are going to see a lot of corrections in the next year or so. And if you’re getting in on the seat of your pants (like I did in 1992) you might be looking for trouble.

“Join your state associations, without the help from them, I would not be in business today. Be transparent. If you bought a car with an accident, make sure they know. If you spent a bunch of money on recon make sure they know. Price your cars by the market, not by what you want to make.

“The last car we sold was a 2017 Ford Escape Titanium with 89k, all-wheel drive, for $16,500 plus fees.”

TEXAS

Ricardo Gardea, owner, Cars Plus, El Paso, Texas

“I’ve been in this business for 40 years. COVID definitely changed our business, quite a bit. We’re doing more online, especially our advertising.

“We usually keep about 40 vehicles in inventory. We sell about 20 a month.

“SUVs are No. 1 for us, cars are No. 2. We don’t sell that many trucks.

“We sell domestics most of the time, we don’t do much with imports.

“About 60 percent of our business is buy-here, payhere.

“We do it a little different for down payments. I usually ask for 40 per cent of the price of the vehicle. That average is usually about $3,000, so it depends on the vehicle.

“I go to the Manheim auc-

tions in El Paso and Dallas.

“I try to buy cars as clean as possible, but my reconditioning costs probably average about $600. I have mechanics in the back so we do as much in-house as possible. For tires, we send it out to the shops.

“I’m looking for model years of 2012 to 2016. Most of my cars will be over 100,000 miles, about 120,000 or 130,000. We use driveway. com.

“We recently had a yellow 2006 Mini Cooper and a 2017 Chrysler Pacifica family wagon with back captain seats.

“New dealers have to do a lot of research on the rules and regulations. They’re stricter now than before. You have to be in compliance.

“The last car I sold was a 2012 Chevy Equinox. It had 135,000 miles. We sold it for $7,990 with $3,000 down.”

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Wholesale Markets

IDAHO

Kyle Egbert, general manager, Dealers Auto Auction of Idaho LLC., Nampa, Idaho

“We’ve been in business since 2001. Right now, we run five to six lanes.

“January was pretty good actually. Our consignment was steady and our sales were up 13%. We were pretty good out of the chute.

“We’re running almost 500 units a week. We’re almost at a 70% conversion rate.

“It has been a little surprising. It felt like guys just weren’t buying and then here’s the first of the year and everybody’s buying.

“Traditionally, our sale has been a lot more dealer consignment, but it has been starting to (add) more fleet. I think we’re up to a mix of 70% dealer and 30% fleet/ lease.

“We’ve seen an uptick in

repos. They’re coming back.

“We also have a GSA sale once a month. Compared to last year, it’s ticking up as well. I think they’re getting some orders filled. Last year, we might have done 20 to 30 units per month, right now we’re doing about 40 to 50.

“We’ll get a (variety) of GSA vehicles. You’ll get cargo vans, shuttle vans, oddball construction pieces, heavy-duty equipment and a lot of XL-package trucks.

“Dealers seem to be really optimistic. I think January started pretty well for these guys. They’re selling and they’re active. Our franchise dealers are pretty active and our independents have certainly picked up from where they were at in December.

“The average price in the lanes is $13,000 to $14,000. We do get our fair share of trucks.

“So, it’s a pretty positive

feeling over here.

“We’re optimistic, but we’re also realistic that things could get challenging. We are well-positioned to handle the challenges.”

TENNESSEE

Doug Rodriguez, general manager, Dealers Auto Auction of Chattanooga, LLC., Chattanooga, Tenn.

“David Andrews purchased this auction in 2014. The sale has been around since 1992. We have six lanes.

“Last year we found it a little bit more challenging than the year prior.

“Weekly volumes are anywhere from 500 to 650 units, which is an increase from last January 2022.

“I can tell you in January 2023, we had an outstanding month.

“But many things have changed for us. We took on

Compiled by Jeffrey Bellant

Volkswagen and Audi in a much larger capacity in October of last year. That means we’re managing their employee leasing program. Since the only U.S. plant for Volkswagen is right here in Chattanooga, we are managing all of the brand new cars that come in. We’re inspecting them and preparing them pre-delivery for the customers and employees.

“So, our role with Volkswagen has tripled.

“We’ve always been a 50% or 55% fleet/lease commercial accounts auction. Holman, the former ARI, is a huge customer here. We also have many other commercial accounts.

“Overall, we’re generally $12,000 to $15,000 per unit sales price in the lanes.

“We’ve been running anywhere from 65% to 75% conversion rates, which is significantly higher than

January 2022. So, we’re seeing increases across the board. I don’t think I’ve seen conversion rates as high as they were in 2021. They dropped off in 2022.

“But, at least for January 2023, so far, we’re experiencing higher conversion rates and higher prices for vehicles sold.

“We draw anywhere from 350 to 400 dealers in the lanes and another 200-250 online.

“I think dealers are optimistic that we’re going to have an actual tax season this year. I think dealers are more optimistic that they’ll see a bump in February and into March and April.

“We have a GSA sale the first week of every month. I expect volumes to be higher this year. We also run an account for the Tennessee Valley Authority, with three sales a year.”

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Source: Black Book

Actual Wholesale and Projected Residual Values 2/13/2023
Wholesale Numbers my seg_type make_model_name 2022-02-01 2022-08-01 2023-02-01 2024-02-01 2025-02-01 2018 Car Toyota Camry 21250 20025 15350 12575 10950 2018 Car Honda Civic 17700 18750 15075 11725 9625 2018 Car Honda Accord 20825 20675 16300 13250 11350 2018 Car Toyota Corolla 16775 16875 13300 10475 8825 2018 Car Nissan Altima 16400 14950 11250 9125 7850 2018 Car Chevrolet Malibu 18500 16325 12125 9200 7325 2018 Car Hyundai Elantra 14750 14850 11225 8400 6700 2018 Car Nissan Sentra 14725 14925 10375 7975 6525 2018 Car Ford Mustang 21625 19950 16175 13525 11375 2018 Car Hyundai Sonata 17875 16175 11825 9375 7825 2018 Truck Ford F150 33200 31500 25800 22725 20500 2018 Truck Chevrolet Silverado 1500 35900 33700 27775 24100 21275 2018 Truck Toyota RAV4 23175 21300 17475 14925 13125 2018 Truck Honda CR-V 25950 24000 19450 16700 14800 2018 Truck Jeep Grand Cherokee 25700 25175 19750 15275 12075 2018 Truck Toyota Tacoma 33700 31000 26900 24200 22125 2018 Truck Ford Escape 18475 17075 12200 10000 8375 2018 Truck GMC Sierra 1500 34100 32900 28100 24450 21625 2018 Truck Nissan Rogue 20775 19125 13400 11100 9325 2018 Truck Toyota Highlander 29175 27150 20950 17400 14875 2019 Car Toyota Camry 23100 22600 17400 14275 12450 2019 Car Honda Civic 19550 20100 16475 13025 10850 2019 Car Honda Accord 23375 23250 18625 15000 12675 2019 Car Toyota Corolla 18850 19300 15575 12150 10175 2019 Car Nissan Altima 21150 19750 14400 11700 9950 2019 Car Chevrolet Malibu 20750 19200 14125 10875 8775 2019 Car Hyundai Elantra 16850 17200 13200 10200 8125 2019 Car Nissan Sentra 17525 17900 13850 10225 8175 2019 Car Ford Mustang 24225 22750 18050 15000 12625 2019 Car Hyundai Sonata 20500 19525 14750 11550 9475 2019 Truck Ford F150 37700 36400 31100 27275 24425 2019 Truck Chevrolet Silverado 1500 40600 36000 29250 25825 23150 2019 Truck Toyota RAV4 27275 26325 21425 18525 16250 2019 Truck Honda CR-V 28650 26550 21200 18400 16475 2019 Truck Jeep Grand Cherokee 28525 27875 22650 17750 14225 2019 Truck Toyota Tacoma 35525 33450 28325 25600 23550 2019 Truck Ford Escape 21000 20200 15200 12500 10475 2019 Truck GMC Sierra 1500 40500 37900 31700 27850 24775 2019 Truck Nissan Rogue 22850 21500 15675 13075 10875 2019 Truck Toyota Highlander 31850 29400 22975 19250 16550 2020 Car Toyota Camry 25650 24225 19100 15875 14025 2020 Car Honda Civic 21550 22450 18050 14450 12200 2020 Car Honda Accord 25725 25400 20375 16475 14000 2020 Car Toyota Corolla 20950 21900 17400 13875 11825 2020 Car Nissan Altima 22675 22575 16475 13375 11450 2020 Car Chevrolet Malibu 22525 21825 16025 12500 10175 2020 Car Hyundai Elantra 19075 19275 15325 11925 9700 2020 Car Nissan Sentra 20725 20275 16125 12625 10375 2020 Car Ford Mustang 26000 24875 19975 16950 14675 2020 Car Hyundai Sonata 24125 21800 16700 13350 11150 2020 Truck Ford F150 41500 40300 34500 30675 27875 2020 Truck Chevrolet Silverado 1500 42200 40900 35250 30925 27525 2020 Truck Toyota RAV4 29875 28725 23075 20175 17900 2020 Truck Honda CR-V 31050 28825 23225 20400 18375 2020 Truck Jeep Grand Cherokee 32625 31900 25550 20450 16675 2020 Truck Toyota Tacoma 37400 36825 30275 27400 25250 2020 Truck Ford Escape 25775 23875 17650 14800 12625 2020 Truck GMC Sierra 1500 43000 39500 33700 29925 26850 2020 Truck Nissan Rogue 25300 23850 17500 14825 12475 2020 Truck Toyota Highlander 35350 34550 27575 23475 20625 2021 Car Toyota Camry 26925 26875 21050 17600 15650 2021 Car Honda Civic 23275 24925 19675 15975 13675 2021 Car Honda Accord 27500 27475 22300 18500 16125 2021 Car Toyota Corolla 22200 23100 18750 15125 13075 2021 Car Nissan Altima 24400 24075 17650 14675 12850 2021 Car Chevrolet Malibu 23825 23100 17500 14000 11675 2021 Car Hyundai Elantra 21725 21725 16475 13225 11075 2021 Car Nissan Sentra 22625 21775 17825 14200 11800 2021 Car Ford Mustang 28925 28675 22750 19950 17575 2021 Car Hyundai Sonata 25175 23625 18250 14775 12500 2021 Truck Ford F150 47500 46500 40000 35725 32550 2021 Truck Chevrolet Silverado 1500 46000 42800 37150 33375 30425 2021 Truck Toyota RAV4 31475 31475 24550 21850 19750 2021 Truck Honda CR-V 32475 30875 25350 22150 20150 2021 Truck Jeep Grand Cherokee 35875 34400 28000 22925 19200 2021 Truck Toyota Tacoma 40950 38400 32375 29275 26975 2021 Truck Ford Escape 27550 26225 20025 17000 14650 2021 Truck GMC Sierra 1500 46400 41100 37200 33500 30475 2021 Truck Nissan Rogue 31650 30600 22750 19150 16025 2021 Truck Toyota Highlander 37925 37350 29600 25775 23075

ADESA Boston

March 3, 17, 24, 31

508-626-7000

ADESA Charlotte

March 9, 23

704-587-7653

ADESA Chicago

March 3. 31

847-551-2151

ADESA Cincinnati/Dayton

March 7

937-746-4000

ADESA Golden Gate

March 7

209-839-8000

ADESA Indianapolis

March 7, 21

317-838-8000

ADESA Kansas City

March 7, 21

816-525-1100

ADESA Lexington

March 16

859-263-5163

ADESA New Jersey

March 9, 23

908-725-2200

ADESA Salt Lake

March 14

801-322-1234

ADESA Tulsa

March 10

918-437-9044

ADESA Washington DC

March 1

703-996-1100

Columbus Fair AA

March 8, 15

614-497-2000

Manheim Atlanta

March 9, 15, 22, 23

404-762-9211

Manheim Dallas

March 1, 15, 28, 29

877-860-1651

Manheim Denver

March 1, 29

800-822-1177

Manheim Detroit

March 9, 23

734-654-7100

Manheim Fredericksburg

March 2, 16

540-368-3400

Manheim Milwaukee

March 1, 15, 29

262-835-4436

Manheim Minneapolis

March 22

763-425-7653

Manheim Nashville

March 8, 14

615-773-3800

Manheim Nevada

March 10

702-730-1400

Manheim New Jersey

March 1, 15, 29

609-298-3400

Manheim New Orleans

March 15

985-643- 2061

Manheim Orlando

March 7, 14, 21, 28

800-822-2886

Manheim Palm Beach

March 15, 16

561-790-1200

Manheim Pennsylvania

March 3, 9, 10, 17, 23, 24, 31

800-822-2886

Manheim Phoenix

March 2, 16, 30

623-907-7000

Manheim Pittsburgh

March 1, 29

724-452-5555

Manheim Riverside

March 2, 14, 16, 28, 30

951-689-6000

Manheim Seattle

March 8

206-762-1600

Manheim Southern California

March 9, 23

909-822-2261

Manheim Tampa

March 9, 23

800-622-7292

Manheim Texas Hobby

March 9, 23

713-649-8233

Southern AA

March 1, 29

860-292-7500

Manheim Atlanta

March 22

404-762-9211

Manheim Dallas

March 28

877-860-1651

Manheim Milwaukee

March 1, 29

262-835-4436

Manheim Nashville

March 8

615-773-3800

Manheim Nevada

March 10

702-730-1400

Manheim New Jersey

March 1, 29

609-298-3400

Manheim Orlando

March 28

800-822-2886

Manheim Palm Beach

March 15

561-790-1200

Manheim Pennsylvania

March 9, 23

800-822-2886

Manheim Riverside

March 2, 16, 30

951-689-6000

Manheim Seattle

March 8

206-762-1600

Manheim Atlanta

March 22

404-762-9211

Manheim Dallas

March 28

877-860-1651

Manheim Milwaukee

March 1, 29

262-835-4436

Manheim Nashville

March 8

615-773-3800

Manheim Palm Beach

March 15

561-790-1200

Manheim Pennsylvania March 9, 23

800-833-2886

Manheim Riverside

March 2, 16, 30

951-689-6000

Manheim Seattle

March 8

206-762-1600

ADESA Boston March 17

508-626-7000

ADESA Charlotte

March 9

704-587-7653

ADESA Salt Lake

March 14

801-322-1234

Columbus Fair AA

March 8

614-497-2000

Manheim Dallas

March 15

877-860-1651

Manheim Denver

March 1, 29

800-822-1177

Manheim Fredericksburg

March 2

540-368-3400

Manheim New Jersey

March 15

609-298-3400

Manheim Orlando

March 21

800-337-8491

Manheim Pennsylvania

March 10, 24

800-833-2886

Manheim Pittsburgh

March 1, 29

724-452-5555

Manheim Seattle

March 8

206-762-1600

Manheim Southern California

March 9, 23

909-822-2261

Southern AA

March 1, 29

860-292-7500

Manheim Atlanta

March 15

404-762-9211

* The tradename Jaguar Financial Group and the Jaguar logo are owned by Jaguar Land Rover North America, LLC (JLR) or its affiliates and are licensed to JPMorgan Chase Bank, N.A. (Chase). Auto finance accounts are owned by Chase.

* The tradename Land Rover Financial Group and the Land Rover logo are owned by Jaguar Land Rover North America, LLC (JLR) or its affiliates and are licensed to JPMorgan Chase Bank, N.A. (Chase). Auto finance accounts are owned by Chase.

* The tradename Subaru Motors Finance (SMF) and the Subaru logo are owned by Subaru of America, Inc. (Subaru) or its affiliates and are licensed to JPMorgan Chase Bank, N.A. (Chase).Auto finance accounts are owned by Chase.

* The tradename Maserati Capital USA and the Maserati logo are owned by Maserati North America, Inc. (Maserati) or its affiliates and are licensed to JPMorgan Chase Bank, N.A. (Chase). Auto finance accounts are owned by Chase.

* The tradename Aston Martin Financial Services and the Aston Martin logo are owned by Aston Martin Lagonda of North America Inc. (Aston Martin) or its affiliates and are licensed to JPMorgan Chase Bank, N.A. (Chase). Auto finance accounts are owned by Chase.

Neither JPMorgan Chase Bank, N.A. nor any of its affiliates are affiliated with ADESA, Inc. or Manheim, Inc. Each auction is solely responsible for their website content, sales events, promotions, fulfillment and operation of the auction.

©2023 JPMorgan Chase Bank, N.A. Member FDIC 3/23

Find an auction near you to stock your inventory of pre-owned vehicles Choose Chase on ADESA.com and OVE.com for bank-sourced vehicles. Contact auctions directly for current sale information.
MARCH 2023

Tony Moorby Disconnected Jottings From

A government department is going to embroil us in a new social argument – one that will seethe with invective for a while as people’s tempers boil over.

The U.S. Consumer Product Safety Commission is considering whether to regulate gas stoves due to health concerns from indoor air pollution.

They are “considering” ceasing production of new gas stoves on the basis that they could be considered dangerous as an indoor appliance, emitting noxious fumes and gases into a house’s atmosphere!

So, some nincompoop panjandrum in D.C. who wouldn’t know the benefits or beauty of cooking with gas, wants to dictate that anyone who loves to cook and be in total control in the kitchen should cede that joy to an electric

piece of equipment that’s as useful as a chocolate firescreen.

As an enthusiastic home cook, this gets me really fired up! I know electric range users are keen on their stoves, but they don’t know any better!

Seriously, keeping an electric cook-top looking pristine is even more difficult than cleaning its gas counterpart.

The tiniest blemish shows up like a wart on a hog’s backside and smears are almost impossible to eliminate.

Burnt jam is like molten lava, which then turns to that black volcanic rock and permanently forms new land! Cleaning equipment necessities would keep a used car reconditioner happy.

Then there’s the question of control – it barely exists

with electric – by the time you’ve turned the burner up to warm your leftovers, Kilauea has turned them to incinerated ashes. Turn the burner down to simmer and you end up with Antarctica - nothing.

It’s almost impossible to have just a warm setting with electric tops, even a low setting is just ‘off’ for a greater amount of time than it’s ‘on’ – it’s a question of controlling ‘all or nothing’. With gas, on the other hand, you can go from Dante’s inferno down to a bare flame, keeping a stock blipping with a bubble every five seconds for hours at a time.

I’ve had both over the years and can attest to the efficacy of gas ranges all the way back to when we had one in our apartment, after the war, in a kitchen no bigger than a handkerchief!

As kids, our kitchen table abutted the side of the stove. My brother or I sat on the draining board next to the sink to stir the oatmeal for twenty minutes on cold winter mornings before school, keeping warm at the same time leaning over the flames.

Neither of us was ever overcome with fumes!

Extraction systems, nowadays, are amazing; our current set-up could suck a golf ball through a garden hose. It’s quiet too – the fan unit sits under the house about fifty feet away from the stove’s downdraft fitting. I can cook onions and stand by the cook top and not smell a thing.

As to noxious fumes, I’d almost guarantee, for anyone living in town, the fumes outside the front door are far worse than anything generated within.

Even worse if you live by the power station that’s making the electricity for your “clean” electric stove. I think we should hold these administrators’ feet to the fire until they agree to leave this issue on the back burner!

2/13/2023 123 4567 8 91011 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Solution to the 1/16/2023 puzzle Solution to this puzzle in the 3/6/2023 issue. Call 1.800.794.0760 for a FREE subscription. Play Online at UsedCarNews.com
Across 1 Former Alfa Romeo model 4 E-Pace and F-Type, for example 9 Classic Formula One race car 10 Lamborghini model 12 Bentley SUV 14 Porsche sports car 18 Versatile vehicle 19 Toyota model 21 Car show 23 There’s one for lemons 25 Full-size luxury Rolls Royce 27 GranTurismo maker 30 Place 31 Genetic carrier, for short 33 Rechargeable battery 35 Providing a loan for 37 Peach state, abbr. 38 Pester constantly 39 Former Toyota sports car 42 Real bargain 43 Purpose 45 Friend of Harry Potter and Hermione 46 Connect 47 Former Toyota model 48 Classic Dodge model Down 1 Chevy model 2 Auction segment 3 Murano maker 4 ___ Grand Cherokee 5 World clock std., abbr. 6 Include 7 Kia SUV 8 Ford pickup 11 “___ calls?” 13 Dodge SUV 15 DC alternative 16 Blend together 17 Full size luxury Bentley 20 Pennzoil letters 22 Shirt fastener 24 Jeep model 25 Hyundai luxury car 26 Place for relaxation 28 Mazda SUV 29 Overnight stay place 32 Side (with) 34 Classic Ford fastback coupe 35 Rapidly 36 Car club, abbr. 40 Australian hopper 41 New England’s Cape ___ 44 ___ Stirling Moss 14
By Myles Mellor
Tony Moorby • 50-year veteran of the industry • President from 1997–2000 of ADT Automotive • Served as ADESA’s executive vice president of sales and marketing • Moorby & Associates 2006–present • NAAA Hall of Famer • IARA Circle of Excellence To see past columns from Tony Moorby, visit www.usedcarnews.com/ columnists/tony-moorby

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