Vice Pres¬≠i¬≠dent, Pas¬≠sen¬≠ger Vehi¬≠cle
Used car prices fell in Octo¬≠ber at Real prices, and increased at Nom¬≠i¬≠nal. The RVI Used Vehi¬≠cle Price Index (Real) increased by 1.6% in Octo¬≠ber when com¬≠pared to Sep¬≠tem¬≠ber. Com¬≠pared to one year ago, the index fell by 0.9%. The Nom¬≠i¬≠nal index increased 1.7% in Octo¬≠ber when com¬≠pared to Sep¬≠tem¬≠ber. Prices rose 1.6% from last year. The index mea¬≠sures the whole¬≠sale val¬≠ues of used cars (two-to-five year old vehi¬≠cles) adjust¬≠ed for mileage, mix, and sea¬≠son¬≠al¬≠i¬≠ty.
Small¬≠er Sedans and Com¬≠pact Vehi¬≠cles Had Great¬≠est Resid¬≠ual Increase from Sep¬≠tem¬≠ber:
Full-size Pick¬≠ups and Lux¬≠u¬≠ry vehi¬≠cles saw lit¬≠tle change from pre¬≠vi¬≠ous month.
New Vehi¬≠cle Trans¬≠ac¬≠tion Prices Fell by Only 0.2% from August to Sep¬≠tem¬≠ber:
Com¬≠pared to Sep¬≠tem¬≠ber 2014, new vehi¬≠cle prices had a 0.6% increase.
Gas Prices Fin¬≠ished at $2.39 Per Gal¬≠lon in Octo¬≠ber, Down 3% from Sep¬≠tem¬≠ber:
When com¬≠pared to Octo¬≠ber 2014, gaso¬≠line prices were down a whop¬≠ping 27%.