Senior Market Analyst of Automotive Insights
Kelley Blue Book
Used-car values declined 1% in September, mildest decline in more than 3 months; Values should continue to drop at auction through year-end in traditional seasonal patterns; Expect a bump in supply early in 2013 when jump in off-lease volume returns to market.
Additional Off-Lease Volume of 300K-500K Likely Will Not Benefit Entire Market:
Most of these vehicles will end up being remarketed via upstream channels available only to franchised dealers of that particular brand.
Values of Subcompact, Compact & Hybrid Cars Didn’t Increase as in Previous Fuel Spikes:
These segments led market depreciation during fuel price spike from July to September.
As Fuel Prices Continue to Ease, Expect Values of Fuel-Efficient Vehicles to Resume Mild Depreciation at Auction:
Through rest of year, should decline 1% to 2% before stabilizing.