Used Vehicle Values Expected to Drop

gutierrez_alec2a

AutoRemarketing - July 16, 2012

Kel­ley Blue Book and NADA Used Car Guide used vehi­cle ana­lysts see used-vehicle val­ues tak­ing a drop dur­ing the com­ing months.

“Trade-in vol­ume has increased along­side new-vehicle sales, which is alle­vi­at­ing inven­tory short­ages plagu­ing deal­ers,” says Kbb’s Alec Gutier­rez. NADA UCG expects used-price depre­ci­a­tion to be a more severe in August.

Here’s a num­ber used-car man­agers might want to remem­ber as they’re scour­ing the lanes for inven­tory: 3.5 per­cent. That fig­ure seems to be the con­sen­sus among ana­lysts from Kel­ley Blue Book and NADA Used Car Guide on how much used-vehicle val­ues are going to drop dur­ing the com­ing months.

Tags: