NADA: Used Prices Holding Up, RVI: Pickups and Luxury Coupes Top in Pricing July 23, 2015
Banks_Jonathan


Used Prices Holding Up Pretty Well Even with Rising Supply

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

Used vehicle price declines are continuing, but at a more moderate pace. In June, prices of used vehicles up to eight years in age fell by 2.5% from May, or more than a half-percentage point less than the 3.2% drop recorded a month earlier. Looking at the numbers from a broader perspective, the first half of 2015 saw prices just 0.6% down form the first half of 2014 and its all-time high. Used prices are holding up fairly well even with pressure from the new vehicle market and rising supply.

Here’s a portion of NADA UCG’s Guidelines July edition

Subcompact, Compact and Mid-size Car Prices among Softest all Year:
Due to new market competition in segments, demand for crossovers and lower gasoline prices.

At 2.1% Depreciation, Compact Utility Prices Bounced Back from May’s 3.3% Fall:
Mid-size and large utility prices down 6% for year, essentially unchanged from 2014.

Large Pickups Dipped 0.5% in June to bring YTD depreciation to just 4%:
Prices haven’t fallen by more than 2.5% on a monthly basis in more than five years.
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Abdalah_Rene_RVI Group


Sub-compacts See Largest Drop on RVI Used Vehicle Price Index

Rene Abdalah
VP, Passenger Vehicle
RVI Group

Full-size pickups and luxury coupes were numbers one and two in price increases during June on the RVI Used Vehicle Price Index (Real). Full-size sedans and sub-compacts saw the worst performance during the month; sub-compacts had the largest drop of any category, down 13.5% from a year ago. The RVI Real Index decreased by 0.5% in June when compared to May. When compared to June of 2014, that index fell by 3.0%. The company’s Used Vehicle Price Index (Nominal) fell 0.6% in June when compared to May. Nominal prices fell 0.3% from June 2014.

Here’s the latest RVI Used Vehicle Price Index Report

Used Vehicle Prices Declined for Most Segments in June:
Compact vehicles and sedans saw the greatest declines from the month of May.

May Saw a 0.8% Increase in New Vehicle (Transaction) Prices Over May 2014:
New vehicle prices, on a seasonally adjusted basis, rose 0.2% from April to May.

Gasoline Prices Rose in June to $2.89 Per Gallon:
June gas prices were up 3% over May, but were 23% down from June 2014.
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