NADA: Prices Should Improve in December, RVI: New Vehicle Transaction Prices Stable November 19, 2015
Banks_Jonathan


Used Vehicle Market Stable in October

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

Used vehicle deprecation was stable in October – at 2.8%, the decline was better than the 3.6% drop in that same month of 2013 and 2014; and better than September 2015 with its 3.5% decline. As is typical in October, compact cars, mid-size vans, large cars, and mid-size cars saw the softest prices. Truck depreciation was again lighter than cars, with large pickup depreciation tightening up to 2% from September’s relatively high rate of 2.8%.

Here’s the latest Guidelines report

Overall Depreciation for 2015 at 12.3% - Down from 2014’s YTD of 11%:
Luxury large cars had largest decline at 18%, followed by subcompact cars at 17%.

YTD Auction Volume at 3.52M Units – Up from 4% from Same Period Last Year:
Volume of vehicles up to eight years old rose 4% in October, reaching 319K units.

November Forecast for Vehicles Up to Eight Years Old Down 2% to 2.5% from October:
Used vehicle depreciation expected to improve in December to 1.5% to 2% decline.
Share:
Abdalah_Rene_RVI Group


Used Car Prices Down at Real Prices and Increased by Nominal Prices

Rene Abdalah
Vice President, Passenger Vehicle
RVI Group

Used car prices fell in October at Real prices, and increased at Nominal. The RVI Used Vehicle Price Index (Real) increased by 1.6% in October when compared to September. Compared to one year ago, the index fell by 0.9%. The Nominal index increased 1.7% in October when compared to September. Prices rose 1.6% from last year. The index measures the wholesale values of used cars (two-to-five year old vehicles) adjusted for mileage, mix, and seasonality.

Here’s the latest RVI Market Update report

Smaller Sedans and Compact Vehicles Had Greatest Residual Increase from September:
Full-size Pickups and Luxury vehicles saw little change from previous month.

New Vehicle Transaction Prices Fell by Only 0.2% from August to September:
Compared to September 2014, new vehicle prices had a 0.6% increase.

Gas Prices Finished at $2.39 Per Gallon in October, Down 3% from September:
When compared to October 2014, gasoline prices were down a whopping 27%.
Share:
Expert Video Recap
Video news that moves people and ideas
Hwei-Lin Oetken_KBB
The Differences Between Men & Women Car Shoppers

How Kbb.com uses data, and shop­per ana­lyt­ics, along with pri­mary sur­vey research, to gain com­pre­hen­sive insights on the dif­fer­ences between how men and women shop for cars.

Share:
Video News & Opinions
Video news that moves people and ideas
KBB.com 2016 Best Buy Awards
KBB.com 2016 Best Buy Awards Overview

KBB ana­lysts col­lected a broad swath of vehicle-related data over the past 12 months, and also con­ducted a series of exhaus­tive com­par­i­son tests.

Share:
If you find that you received this newsletter by mistake or wish to unsubscribe to this publication, please click here to unsubscribe from the mailing list.

ADVERTISE WITH US - Contact AIN Media Publisher Chuck Parker at cparker@automotivedigest.com or (310) 265-2225 to learn more.