Senior Market Analyst of Automotive Insights
Kelley Blue Book
Despite increased demand at auction from dealers in Northeast, used values have declined steadily after slight increase immediately following Superstorm Sandy; Modest bump in prices happened in weeks following storm; After initial uptick, values have moderated, and today, values are generally following a normal seasonal depreciation pattern.
November Values Declined 0.8%, Modest Decline Compared to 1.7% Drop in November 2011:
Northeast demand minimized depreciation, anticipate modest declines to continue through year-end.
Luxury and Subcompact Cars Led Market Declines in November:
While full-size trucks and SUVs outperformed the market.
Luxury SUVs and Premium Luxury Cars Had Most Growth in KBB Research Activity:
Month over month, luxury SUVs increased 6.4%, premium luxury car up 5%.