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.
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.