From the category archives: Market Analysis and Forecasts

Used Vehicle Market Continues Sluggish Start to 2019

The used vehicle market continued its sluggish start to the new year, as a result the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index declined 1.3 points – relative to January – to 116.1. February’s decline marked the sixth consecutive month of declines in the used market and is a trend we should expect to see more of throughout the course of 2019 as used vehicle prices are expected to decline relative to 2018.

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Used Vehicle Price Index on Track to Reach Highest Level Since Late 2015

Data collected through the first three weeks of August shows that used vehicle prices have improved relative to July and are on track to end the month even stronger than anticipated. So far month-to-date, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index has increased by 2.3 points – relative to July – to 122.0. August’s preliminary result marks the third consecutive month of index growth and puts it on track to reach its highest level since late 2015.

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October Used Vehicle Prices Dip, New Vehicle Deliveries Slow

In their November 2017 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 2.2 percent in October. The dip performed better than the 3.2 percent average price decrease recorded over the past five years for the period.

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Intermediate Numbers Explain What Happened to the Used Car Index Last Month

Our price index looks at the marketplace in total, but it is difficult to really understand what is going on without looking at it in more detail.

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#Dieselgate Update: Volkswagen Gasoline Models Faring Well

As might be expected, it appears new VW brand sales received a shot in the arm from the spike in demand generated by the repurchase program. Volkswagen’s new vehicle sales were down substantially over the 13 months after the diesel scandal became public in September 2015. In fact, sales dropped by an average of 21% per month over the period. However, new VW brand sales have now increased by an average of 21% per month in the three months since the repurchase program went live last November.

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J.D. Power Launches New Residual Values Product

Product suite to leverage J.D. Power’s proprietary data from retail sales transactions, auction transactions and J.D. Power Voice of the Customer studies.

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The Fiat 500e Exemplifies FCA CEO’s Disdain for EVs

In a recent interview with Car Magazine, Fiat Chrysler CEO Sergio Marchionne expressed how little he believes in the potential of electric vehicles, and portrayed driverless vehicles as “a mandatory future option and not even expensive.” After failing multiple times to court other automakers — many of whom have spent far more on EV technologies and alternative powertrains — into a merger with his troubled company, Marchionne’s positive remarks about autonomous vehicles are not only convenient, but a bit self-serving (Google already works with FCA on self-driving minivans). That being said, despite the automotive titan’s disregard for electric vehicles, his company does offer one electric car for sale in California and Oregon. So how has it performed in the marketplace?

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Infographic: Which Vehicles Are Depreciation Disasters?

"What part of owning a vehicle  do you suppose costs the most? Fuel? Taxes and fees? Maintenance? Actually, what costs the most is selling your car, when you take the depreciation hit," states Car and Driver magazine.

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Are Used Car Prices Suffering a Decline?

Jonathan Banks explains to Car Biz Today what his team of analysts are currently seeing in the used vehicle market and the implications for dealer profitability.

 
 

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#Dieselgate Update: Used Volkswagen Prices Continue to Suffer

All of the negative information surrounding the diesel scandal has contributed to a detrimental impact on used VW diesel and gasoline vehicle values.

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