Depreciation Has Slowed for Vehicles Up to 8 Years Old

Banks_Jonathan

Jonathan Banks

Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

After falling by 2.1% in May, depre­ci­a­tion for used units up to 8 model years in age slowed to just 1.1% in June, a fig­ure in line with NADA’s 1.3%. June’s mod­est decline was sub­stan­tially less than what has his­tor­i­cally been recorded for month; NADA’s index jumped to 123.4 from May’s 121.9.

Click here to see the lat­est NADA Used Car Guide

Com­pact and Mid-Size Car Seg­ments Led Depre­ci­a­tion by Wide Mar­gin:
Did ease from May – depre­ci­a­tion was at 3.2% in May and 1.9% in June.

Prices for Most Remain­ing Seg­ments Fell Within Tight Range of 0.6-to-1.2%:
Prices for large SUVs and pick­ups remained essen­tially unchanged mov­ing at plus-or-minus .02%.

Grow­ing Late Model Sup­ply Will Con­tinue to Apply Down­ward Pres­sure to Prices:
Though its effect will be tem­pered by fact that vol­ume will remain well below pre-recession lev­els through at least 2014.

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