Car and Vans Took Softer Blow than Overall Market

Jonathan Banks2, NADA Used Car Guide

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

Prices slipped by 0.8%, or half-percent more than Jan­u­ary 2012. As in Decem­ber, mid-size car and van losses were least severe at 0.4% and 0.3%, respec­tively, while large SUV and lux­ury vehi­cle dep­re­ca­tion saw large decline.

Click here to read the Feb­ru­ary issue of NADA’s Guidelines

Mar­ket Level Prices Were 2.5% Higher this Jan­u­ary than They Were Last Year:
Prices for only 3 seg­ments – com­pact util­i­ties, lux­ury cars, and lux­ury util­i­ties – were lower than they were year ago.

Com­bi­na­tion of Hur­ri­cane Sandy and Slight Delay in IRS’ Accep­tance of 2012 Tax Returns:
Will dampen sea­sonal lift in prices nor­mally observed over a given first quarter.

New Vehi­cle Mar­ket Will Siphon Off Por­tion of Used Vehi­cle Demand:
Last year it became clear that “pref­er­ence for used” began to wane as dura­tion and extent of eco­nomic recov­ery made con­sumers less apprehensive.