RVI Group Looks at Used Vehicle Supply and Pricing through 2018

Rene Abdalah
Vice Pres­i­dent, Pas­sen­ger Vehi­cle
RVI Group

Used vehi­cle prices (mea­sured with sea­son­al adjust­ments and apply­ing to 2-to-5 year old vehi­cles) declined in Feb­ru­ary 2015. Used vehi­cle prices declined by 1.4% from Jan­u­ary, but increased 1% over Feb­ru­ary 2014. Real used vehi­cle prices (after adjust­ing for MSRP) showed a decline of 1.1% from Jan­u­ary. When com­pared to Feb­ru­ary of 2014, real used vehi­cle prices were down 1.1%.

For the entire Quar­ter­ly Report from RVI Group, go to www.rvigroup.com

Off Lease Vehi­cle Sup­ply Fore­cast to Cause 10% Drop in UC Prices in 2018:
Com­pe­ti­tion among automak­ers and incen­tive activ­i­ty also expect­ed to increase.

Last Year Was Strong for Lease Pen­e­tra­tion at 19.6% of US New Vehi­cle Sales:
RVI Group pre­dicts high­er lease pen­e­tra­tion to con­tin­ue for 2015–16 mod­el year vehi­cles.

Full-Size Pick­ups Saw Slight 0.3% Decline and Was One of Best Per­form­ers:
Used sup­ply expect­ed to ramp up, putting down­ward pres­sure on used prices.

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