NADA: Prices Expected to Go Up, Cars.com: Prices Down 0.3% in January February 18, 2016
Banks_Jonathan


January Prices Down Slightly Compared to Past Five Years

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

January wholesale used vehicle prices were nearly flat, down just 0.1% from December. It was slightly worse than the 0.3% rise averaged for the month during the previous five years. NADA Used Car Guide’s price index dipped 0.3% month-over-month to 122.2. In January 2015, the index came in at 125.5, 2.6% above January 2016.

Here’s the latest edition of Guidelines

Luxury Vehicles Had Largest Depreciation by Dropping 3.2%:
Subcompact cars had largest mainstream vehicle decline, falling by 0.8%.

Auction Volume of Vehicles Up to 8 Years Old Grew by 38% in January:
While up sizably from December, volume was 4% lower than same period last year.

Used Vehicle Prices Expected to Go Up 1% in February and 2% to 2.5% in March:
Mainstream segments should go up 1% to 1.5% in February, while luxury should be flat.
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Hanely_Mike_Cars.com


Luxury Cars Had Largest Price Drops on Cars.com List

Mike Hanley
Senior Editor
Cars.com

The GMC Savana 2500 had the highest price increase in January at 3.9%, while the BMW 740i had the biggest price drop at 5.9% on the Cars.com monthly rankings. Late-model used luxury cars took the biggest price declines, with eight of the top 10 with the biggest price drops coming from luxury brands.

Review the latest article on price trends from Cars.com

Eight of 10 Models with Largest Price Increases Were Crossovers of SUVs:
After GMC Savana, next five models on list had price gains from 1.5% to 2.9%.

Top 10 Price Increases Were Well Above Average for All Late-Model Used Cars:
Overall average was down 0.3% ($80) in January at an average price of $23,953.

Vehicles Listed in Report Must Be 2013 to 2015 MY with Biggest Price Ranges:
Model must have at least 250 cars listed for sale on Cars.com to be eligible for lists.
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