August Used Vehicle Values Continued Four Month Decline Trend

Alec Gutier­rez
Senior Ana­lyst
Kel­ley Blue Book

August used vehi­cle val­ues saw con­tin­u­a­tion of a four-month trend with declines from the pre­vi­ous month; each vehi­cle seg­ment was down from July 2014. Kel­ley Blue Book still projects that 2014 will end slight­ly high­er in prices than 2013 saw; but the gap in year-over-year vehi­cles price gains has thinned way down – from $711 in May 2014 to just $165 in August 2014.

Check out the lat­est Blue Book Mar­ket Report

Seg­ments with Largest Declines Were Lux­u­ry and Near-Lux­u­ry at 3.2% and 3.3%:
Best per­form­ing seg­ments were van and full-size SUV, down only 0.5% and 0.7%.

In Lux­u­ry, Entry-Lev­el Lux­u­ry Was Worst Per­form­ing – Down More than 3%:
Seg­ment has declined a sig­nif­i­cant 7.2% since May, and down 4.2% from last year.

Sub­com­pact Seg­ment Approached 3-Year Low – $241 Low­er than in 2013:
Full-size pick­ups declined 0.9% from July, most like­ly from nor­mal sea­son­al depre­ci­a­tion.

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