Tom Kontos Quotations

Wholesale used vehicle prices rose 3.2 percent sequentially and 5.3 percent on a year-over-year basis in March.

As the employee discounts lose effect, you'll see more used-car shoppers come out.

When you look at the contrast between compacts and full-size (SUVs), it has to be driven in part by gas prices, ... Why else would there be such polarity?

They're still desirable vehicles for many people, so there's still demand out there. They aren't being rejected, but dealers don't want to touch the ones that are in rougher shape.

Gas prices shooting up has made matters even worse.

It was already pretty bleak for those vehicles for several months in a row,