Blue Book Market Report – June 2012

Alec Gutierrez, Kelley Blue Book

Alec Gutier­rez
Senior Mar­ket Ana­lyst of Auto­mo­tive Insights
Kel­ley Blue Book

Blue Book Mar­ket Report – June 2012

Used-car val­ues dipped 3% in May due to falling oil prices and strong demand for new vehi­cles. Dur­ing the next 3 months, KBB ana­lysts expect val­ues will con­tin­ue to decline by as much as 6% to 7% as mar­ket con­tin­ues to cool with soft­en­ing demand and slow­ly improv­ing sup­ply con­di­tions.

Con­sumers See New Car Only Slight­ly More Expen­sive than 1- or 2-year-old Used Car:
Helped to not only bol­ster new-car sales, but lessen demand at auc­tion and dri­ve down used-car val­ues.
New Cars Have Become More Afford­able:
Through incen­tives, low finance rates and improved cred­it avail­abil­i­ty, like­ly will con­tin­ue to sup­press UC val­ues.
Fuel-Effi­cient Car Val­ues Dropped 2% to 3% in May as Demand Eased with Falling Gas Prices:
The most sig­nif­i­cant declines came from for­mer­ly hot hybrid-car seg­ment, which dropped 4%.

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