Senior Market Analyst of Automotive Insights
Kelley Blue Book
Through Q4 2012, values declined 3% nationally, which is slightly better than 5% and 6% percent respective declines of 2010 and 2011, and well w/in what can be expected according to seasonal patterns; While Hurricane Sandy took its toll on new vehicle inventory and increased used prices, it ended up being a short-term used price bump.
December Values Declined 0.7%, W/in Range of Historical Seasonal Depreciation:
W/ replacement demand from northeast seemingly satisfied, it appears values should remain relatively stable in months ahead.
During Q4 2012, KBB Observed 1% Annual Increase in Auction Sales Volume:
Perhaps signaling that used-vehicle shortage that has plagued dealers since 2010 may finally be coming to end.
KBB Expects Values to Be Flat in January Before Slight Increase Next 2 Months:
Through Q1 2013, expect moderate 0.5% increase in auction values, well short of 2.5% increase during Q1 2012.