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.
READ NADA USED CAR GUIDE GUIDELINES
Used Car & Light-Duty Truck Guidelines: Wholesale auction prices of used vehicles increased by the highest rate in three years in March, as dealers blocked from purchasing by abnormally harsh weather in January and February were compelled to bid aggressively and play inventory catch-up in preparation for the traditional spring bounce in consumer demand. Late model volume continued to fall while dealer activity was heating up, adding further buoyancy to prices. Last month the number of 2010–2013 model year transactions fell by 4.6% or nearly a point more than the 3.8% fall recorded in February. Download the April Used Car & Light-Duty Truck Guidelines here.
Commercial Truck Guidelines: Retail and wholesale volume both returned to trend in February, after an anomalous January. Retail sleeper tractor pricing remains at record highs. Wholesale pricing is back to average levels, with age and mileage figures returning to typical positions. The market for medium duty trucks recovered to an extent, with mild strength in the Class 4 conventional segment and notable changes in the Class 6 segment. Class 8 pricing is highly dependent on engine and transmission spec, as a special study explores. Download the April Commercial Truck Guidelines here.
Used Car & Light-Duty Truck Guidelines: Extreme winter weather thwarted price growth in early February as prices grew by 0.7% over the first half of the month. However, favorable weather over the second half of the month allowed prices to grow by an additional 1.5 points to a total of 2.2% by month’s end, in line with NADA’s forecast of 2.1%. NADA’s seasonally adjusted used vehicle price index remained unchanged for the third month in a row at 124.6, tying August 2013, December 2013 and January 2014 as the third highest figure recorded. Download the March Used Car & Light-Duty Truck Guidelines here.
Commercial Truck Guidelines: Increased numbers of newer trucks continue to enter the retail and wholesale channels, providing buyers with better access to the low-mileage iron they demand. Severe weather likely kept many buyers away from the auctions in January, resulting in anomalous results in medium duty and sleeper segments. Used truck pricing could be impacted by upcoming rounds of fuel economy mandates, as a special study explores. Continued volatility in sales volume is expected to subside in the second quarter as winter draws to a close. Download the March Commercial Truck Guidelines here.
Used Car & Light-Duty Truck Guidelines: The continuous blasts of arctic weather that affected large swaths of the country did little to push used vehicle prices off of their expected course in January, as the month’s essentially flat increase of just 0.1% relative to December was in line with NADA’s forecast for the period. NADA’s seasonally adjusted used vehicle price index was unchanged at 124.6 in January, tied with two other months (August 2013 and December 2013) as the third highest figure ever recorded. Download February Used Car Guidelines here.
Commercial Truck Guidelines: A favorable supply/demand relationship keeps pricing for sleeper tractors with under 600,000 miles historically high. Construction trucks firmed up in the last two months of 2013, and are poised for a recovery. Medium duty trucks continue to be limited by excess supply of average-to-high-mileage units. Sales volume is unusually volatile due to economic, political, and weather-related factors. This volatility is expected to relax starting in the second quarter as many of these factors are alleviated. Download February Commercial Truck Guidelines here.
Used Car and Light-Duty Truck Guidelines: After declining by 1.5% in November, the rate of used vehicle depreciation pulled back again for the second month in a row in December as wholesale prices for units up to eight years in age fell by 1% on a prior-month basis. Download January Used Car Guidelines here.
Commercial Truck Guidelines: In this edition, we provide a 2013 review and discuss the marketplace changes that occurred over the past 24 months. We also provide our traditional month-over-month results, as well as predictions for 2014. Download January Used Car Guidelines here.
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