KBB Sees Wholesale Prices Relatively Flat in February

Alec Gutierrez, Kelley Blue Book

Alec Gutier­rez
Man­ager, Vehi­cle Val­u­a­tion
Kel­ley Blue Book

Used-car val­ues were rel­a­tively flat in Feb­ru­ary, declin­ing scant 0.4%. Although most seg­ments gen­er­ally were flat or down slightly over­all, fuel effi­cient sub­com­pact and com­pact cars improved 1.1%, due in large part to a more than $0.20 per gal­lon increase in gaso­line prices; Rest of mar­ket has been held flat by improv­ing sup­ply at auction.

Click here to read the Blue Book Mar­ket Report for February

Relief in Used Vehi­cle Sup­ply at Auc­tion Should Come from Increased Trade-ins from Grow­ing New Vehi­cle Mar­ket:
As well as poten­tial year-over-year increase of 300,000 units or more in off-lease units.

Used Vehi­cle Sup­ply Expected to Con­tinue to Improve:
Kel­ley Blue Book antic­i­pates val­ues will remain rel­a­tively steady through spring.

KBB Advises Deal­ers Look­ing to Load Up on Inven­tory to Pro­ceed with Cau­tion:
Espe­cially those expect­ing repeat of strong whole­sale gains in both 2011 and 2012 MY vehi­cles in spring market.