After Post-Storm Uptick, Values Have Since Been Following Seasonal Patterns

Alec Gutierrez, Kelley Blue Book

Alec Gutier­rez
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.

Click here to read Blue Book Mar­ket Report for December

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%.