Used Vehicle Prices Declined at Lower Rate than Previous Two Months

Sean Foy­il
Ana­lyst
Kel­ley Blue Book
 

Aver­age used vehi­cles declined in val­ue at a slow­er rate in August – down 1.4% (or $250) for that month com­pared to declines of 2.6% in June and 2.2% in July. Sports car, high-end lux­u­ry, and high-per­for­mance car seg­ments saw the worst per­for­mance for the month – down 3.3%, 3.2%, and 2.9%, respec­tive­ly. Mid-size truck, full-size truck, and hybrid/alternative ener­gy were the strongest per­form­ing seg­ments with increas­es of 0.5%, 0.4%, and 0.2%, respec­tive­ly. Pick­up truck seg­ments remained the top per­form­ing seg­ments for the month.

Here’s the lat­est edi­tion of Blue Book Mar­ket Report

Auc­tion Vol­umes Increased More than 23K Units or 5% in July over June:
Auc­tion vol­umes had decreased 15% in May but steading increas­ing since June.

GM, BMW and Mer­cedes-Benz Had 25%-30% Vol­ume Decreas­es in August:
Land Rover had spike in vehi­cles at auc­tion lanes with over­sup­ply of par­tic­u­lar mod­els.

While Fuel Prices Were Up 63 Cents from Jan­u­ary, Prices Have Been Rel­a­tive­ly Sta­ble in Sum­mer Months:
Expect fuel prices to con­tin­ue to trend low­er through the end of this year.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.