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.
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.