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

Abdalah_Rene_RVI Group

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.

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