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.