Vice President, Passenger Vehicle
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.