After increasing by 0.3% on a prior month basis in December, wholesale prices for used vehicles up to eight years in age remain unchanged through the first half of January. This month’s preliminary results are right in line with NADA’s forecast and also what’s typically recorded during January. Looking back to the same period from 2012 through 2014, previous price movement fell within a range of -0.4% to 0.2%.

At the segment level, the biggest January price increases have been recorded in the mid-size van, large SUV, and mid-size utility segments. Prices in these three segments have outperformed the market average by a range of 1% to 1.3%.

A few other segments have also shown strength versus December’s results. Prices for the mid-size car, subcompact car, and compact utility segments have increased by a range of 0.5% to 0.7%. Large pickup prices remain unchanged, making it the only segment with no price movement through the middle of January.

As far as other segments are concerned, January’s preliminary deprecation leaders include a list of nearly all luxury segments. At the top of the loss list, luxury mid-size car prices declined by 1.1%, followed by luxury mid-size and compact utility segments decreasing 0.8%, apiece. The luxury large car segment dropped 0.7%. Slightly smaller declines were recorded in the luxury compact car and mainstream compact car segments, however prices are still down by 0.4% and 0.1%, respectively.

Through the end of the month NADA still expects the market average to be flat to up slightly, with more pronounced increases beginning in February and continuing into March. By the end of the first quarter market prices are expected to be 1.5% to 2.5% higher than they currently are.