RVI Saw Strong Close to 2012 and Expects Used Car Price Decline in 2013

Rene Abdalah
Vice Pres­i­dent, Pas­sen­ger Vehi­cle
RVI Group

Whole­sale used vehi­cle val­ues were strong by the end of 2012, due main­ly to Hur­ri­cane Sandy and increased demand. Sea­son­al­ly adjust­ed on a two-to-five year old vehi­cle basis, prices rose by 1.8% month-over-month in Decem­ber, accord­ing to the RVI Mar­ket Update.

Click here to see RVI Used Car Price Index for Decem­ber 2012

Used Vehi­cle Prices Saw Strong Increas­es for the Month Com­pared to Year Before:
On a year-over-year basis, prices were up 5.7% in Decem­ber 2012.

Vehi­cle Seg­ments with the Strongest Price Increas­es Year over Year:
Lux­u­ry coupes, Lux­u­ry full-size sedans, and full-size sedans.

Used Car Price Upward Trend Expect­ed to Change in 2013 with Price Decline:
Sup­ply expect­ed to increase through­out year, though sup­ply will remain low his­tor­i­cal­ly.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.