NADA Guidelines is a must-have resource for analysis of and information on the current state of the automotive market, as well as that of the overall economy. This market report compiles a robust data set from various industry sources as well as from our own propriety analytical tool, to deliver the insight you need to make decisions in today’s market.
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After increasing by 1.2% in March, used vehicle prices for units up to eight model years in age fell by 1.7% on an over-the-month basis in April. This is the steepest decline recorded since November 2012’s loss of 1.5% and a figure that exceeded April 2012’s fall of 0.5% by more than a full percentage point. Download >
Wholesale vehicle prices improved for the second month in a row in March, but as expected, price growth was mild compared to what is typically seen for the period. Following an over-the-month increase of 0.8% in February, prices for used units up to eight years in age grew by an additional 1.2% in March, substantially less than the nearly 3% increase recorded for the month last year. Download >
As is typical for the period, wholesale prices for units up to 8 years in age rose in February, but the modest 0.8% improvement was well below the 3.0% increase observed for the month in the previous two years. In addition, February’s tepid performance dropped NADA’s seasonally-adjusted used vehicle prices index to 122.7, which is a figure 1.4% lower than January’s level and just 0.9% higher than February 2012’s read-ing of 121.6. Download >
As expected, the earlier than normal uptick in demand witnessed in late November and December – which typically occurs after the start of a new year but was pulled ahead by the fallout from Hurricane Sandy – helped to keep wholesale price movement to a minimum last month. Download >
Despite pressing fiscal cliff concerns, wholesale price movement in December closed 2012 out on a strong note as the average price of vehicles up to eight years in age ticked up by a slight 0.1% to remain essentially unchanged from November’s level.While prices for all segments fell by a scant 0.7% or less compared to the prior month, prices for mid-size cars, utilities, and vans increased by a collective aver-age of 0.5%. Download>
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