NADA Looks at Popular Mainstream Models, RVI Group on November Prices December 24, 2014

NADA Perspective Report on Mainstream Vehicle Retention

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

NADA Used Car Guide analyzed several manufacturers’ one-year retention values, as had been done recently on one-year old luxury models. These mainstream models were chosen based on the most popular trim level of the model as determined by its share of new vehicle sales. The retention values come from a calculation from a three-month average (Oct-Dec. 2014) of NADA’s average trade-in value divided by a vehicle’s typically equipped MSRP.

Read vehicle retention analysis of 20 models in this NADA report

Chevrolet Impala with Front-Wheel Drive Redesigned from the Ground Up:
2014 Impala had 9.1-percentage point increase in 1-year retention versus 2013 model.

Jeep Brought Back Cherokee Nameplate in 2014 After Long Hiatus:
Cherokee saw strong new vehicle sales and strongest retention for Sport 4WD.

Completely Redesigned Toyota Highlander Has New Sheet Metal and Interior:
Used value retention in 2014 Highlander grew to 78.8% from outgoing model’s 77.2%.
Abdalah_Rene_RVI Group

RVI Used Vehicle Price Index Sees Increase During November

Rene Abdalah
Vice President, Passenger Vehicle
RVI Group

The RVI Used Vehicle Price Index increased by 2.4% in November 2014 when compared to the previous month; and when compared to November 2013, prices increased by 0.4%. The index measures wholesale values or (residual values) of two-to-five year old used vehicles adjusted for mileage, mix, and seasonality. When compared to last year’s data, most vehicle segments saw declines in residual values with the exception of Mid-Size SUVs and Luxury Coupes.

Here’s the latest RVI Used Vehicle Price Index report

All But One Vehicle Segment Saw Gains in November 2014:
Leading the market were Sporty Coupes, Full-Size Vans and Luxury Small Sedans.

When Compared to Last Year, Most Segments Saw Declines in Residual Values:
Two segments had were exceptions – Mid-Size SUVs and Luxury Coupes.

New Vehicle Transaction Prices Fell 0.1% on Seasonally Adjusted Basis:
October to November saw slight decline compared to 0.6% increase from November 2013.
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