NADA Guidelines is a must-have resource for analysis 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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The political impasse that led to the two-week long federal government closure at the beginning of October affected consumer confidence enough to ding both new vehicle sales and used prices for the month. Download>
Historically the rate of used vehicle depreciation begins to accelerate in September as the shifting of consumer attention towards more pressing seasonal obligations and larger quantities of one year old units entering the used market converge to apply downward pressure to prices. Download>
Maintaining the steady course followed since the beginning of the summer, used vehicle prices slipped by 1.1% in August, matching the average rate of decline recorded in the prior two months. August’s dip was mild relative to what was recorded for the month over the past two years, as prices fell by 1.5% and 2.3% in August 2012 and 2011, respectively. Download>
After falling by a mild 1.1% in June, used vehicle depreciation tightened up even more last month. Prices for used units up to eight model years in age fell by just 1.0% in July, a figure substanially better than July 012’s 2.6% loss and one lower than 2011’s drop of 1.6%. Download>
After falling by 2.1% in May, depreciation for used units up to eight model years in age slowed to just 1.1% in June, a figure in line with NADA’s 1.3% forecast stated in last month’s edition of Guidelines. This June’s modest decline was substantially less than what has historically been recorded for the month, and as a result, NADA’s seasonally adjusted used vehicle price index jumped to 123.4 from May’s figure of 121.9. Download >
Used vehicle prices fall the most in 7 months, but prices remain high overall. Used vehicle prices for units up to eight years in age fell by 2.1% in May, and while this is the largest drop observed since October 2012’s fall of 2.9%, the month’s loss was relatively mild from a seasonal standpoint. Download >
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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