Kelley Blue Book Market Report — July 2012

Alec Gutier­rez
Senior Mar­ket Ana­lyst of Auto­mo­tive Insights
Kel­ley Blue Book

Click here for Blue Book Mar­ket Report

June saw sec­ond con­sec­u­tive month of used car val­ues declin­ing, since val­ues lev­eled off in ear­ly April; While val­ues still high from his­tor­i­cal per­spec­tive, Kel­ley Blue Book believes there’s room for fur­ther soft­en­ing through 2nd half of 2012.

Cheap­er Prices at Pump Con­tin­ued Weak­er Demand for Fuel-Effi­cient Vehi­cles:
Saw drop of 2.5% in auc­tion val­ues since start of June, more than over­all market’s 1.9% depre­ci­a­tion.

UC Val­ues Expect­ed to Con­tin­ue Decline Mod­er­ate­ly, Espe­cial­ly as Sup­ply Improves at Auc­tion:
In most cas­es, deal­ers are opt­ing to retain trade-ins, keep­ing trade vol­ume low in auc­tion lanes.

Off-Lease Vol­ume Expect­ed to Remain Tight Until at Least Q1 2013:
Cap­tive finance com­pa­nies in many cas­es are sell­ing their off-lease vehi­cles direct­ly to fran­chised deal­ers.



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