KBB: Sports Cars and Subcompacts Saw Biggest Drop, Manhem: New Vehicle Sales Drove Trade-Ins and Lease Turn-ins October 24, 2014
Gutierrez_Alec_KBB_2014 photo

September Down but 2014 Should End Higher than Past Two Years

Alec Gutierrez
Senior Anaylst
Kelley Blue Book

For the first time since March 2014, the average used-car auction value has dropped below the average value seen in 2013. September's wholesale average fell $307, about 2%. Despite this recent dip below 2013 values, Kelley Blue Book expects values to finish the year slightly higher than both 2012 and 2013.

Here is the latest Blue Book Market Report

Sports Car and Subcompact Car Segments Tied for Worst-performing Segments at 3.9% Each:
All segments were down and vans amd mid-size pickups did best at 0.1% and 1% down, respectively.

September Saw 2.4% Drop by Segment in Average Market Change:
Compared to August, when the average decline was just 1.7 percent.

Full-size Pickups Continued Decline with 2.6% Below August Figures:
Year over year, full-size pickup prices were up 4.1% over September 2013.

Third Quarter Prices Drop with Signs of Returning to More Normal Levels

Tom Webb
Chief Economist
Manheim Consulting

Wholesale used vehicle prices dropped just over 2% in the third quarter. The market showed signs of returning to more normal levels after historically high prices earlier during 2014. The Manheim Used Vehicle Value Index ended the third quarter at 121.4, a decline of 1.1 percent compared to a year ago.

See the Manheim announcement on its Q3 market report

New Vehicle Sales Boom Resulted in More Trade-ins and Lease Turn-ins Quarter:
Which led to an increase in inventories and put downward pressure on prices.

Certified Pre-owned Vehicle Sales Increased 20% in September:
10% rise year-to-date, as consumers had strong demand for quality, late-model used vehicles. 

Compact Cars Continued to be Weakest Segment with Q3 Prices Down 3.4% from Year Ago:
Pick-ups and vans  remained the strongest segment with prices up 6.5% for pick-ups and 1.5% for vans.
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