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Similar to January’s mid-month results, wholesale prices for used vehicles up to eight years in age remain essentially unchanged through the first half of February with average prices increasing by only 0.2%. This month’s sluggish preliminary results can certainly be attributed to brutal winter weather and frigid temperatures throughout most of the country, especially parts of the northeast―like Boston.

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While overall price growth remains somewhat slow, four-wheel and all-wheel drive rich segments like large pickups, large SUVs and mid-size utilities have each experienced increases of around 0.5%, apiece. Mid-size cars have also seen a 0.5% increase in prices followed by the compact utility and mid-size van gains of 0.3% and 0.1%, respectively.

So far this month, some of the biggest declines have been recorded in luxury segments. Luxury mid-size, luxury compact car and luxury compact utilities have been hit the hardest; prices have fallen by 0.9% to 2% for the trio. Losses on the mainstream side of the market were led by subcompact cars, which declined by 0.7%, followed by the compact segment’s slight 0.3% pullback in prices.

Akin to what we observed in January, through the end of the month NADA expects prices to rise more rapidly than what’s been recorded so far. This growth is expected to continue into March and then steadily fall throughout the remainder of the year.