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KBB.COM: New-Car Sales, Leasing, Slumps to Impact Used-Car Values for Years to Come - August 10, 2011

Significance of the Data
Kel­ley Blue Book pre­dicts that new-car sales and leas­ing slumps of recent years will impact used-car val­ues for years to come
In response to sup­ply reduc­tions, aver­age val­ue of 1- to 3-year-old used vehi­cle has increased from $15K in 2008 to more than $23K in 2011, nearly16% each year
It will take sev­er­al years of strong new-car sales to replen­ish short­age of used vehi­cles dri­ving val­ues up today