KBB’s Blue Book Market Report for August 2012

Gutierrez_Alec

Alec Gutier­rez
Senior Mar­ket Ana­lyst of Auto­mo­tive Insights
Kel­ley Blue Book

Click here for Blue Book Mar­ket Report – August 2012

Lux­u­ry vehi­cles have suf­fered from high price point and con­sumers less will­ing to pay pre­mi­ums w/ val­ues drop­ping 7% to 10% from year ago, sur­pass­ing indus­try aver­age of 5.4% decline; Anoth­er drag on used lux­u­ry vehi­cles have been attrac­tive finance and lease offers on lux­u­ry vehi­cles.

Improved Qual­i­ty and Ameni­ties Offered in Most Main­stream Vehi­cles:
Anoth­er moti­vat­ing force sway­ing buy­ers away from the entry-lev­el lux­u­ry seg­ment.

Reduced Demand for Rental Cars Prompt­ing Agen­cies to Trim their Fleets:
Helped to increase inven­to­ry at auc­tions, putting addi­tion­al down­ward pres­sure on prices.

Gap Between New- and Used-Vehi­cle Prices is Tighter:
After fac­tor­ing in typ­i­cal­ly low­er finance rates and incen­tives on new vehi­cles.

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