KBB Expects Value Increase in Q1 but Not as High as Last Year

Gutierrez_Alec_Kelley

Alec Gutier­rez
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.

Click here to read Blue Book Mar­ket Report – Jan­u­ary 2013

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.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.