Harsh Weather Didn’t Throw Off January Used Vehicle Prices

Jonathan Banks
Senior Direc­tor
NADA Used Car Guide

Harsh win­ter weath­er didn’t push used vehi­cle prices off their typ­i­cal Jan­u­ary pat­tern; prices were essen­tial­ly flat at just 0.1% rel­a­tive to Decem­ber. In fact, it was the third high­est fig­ure ever record­ed in the NADA’s sea­son­al­ly adjust­ed used vehi­cle price index. It was unchanged in Jan­u­ary at 124.6, which tied with two oth­er months (August 2013 and Decem­ber 2013) as the third high­est fig­ure ever record­ed in the NADA index.

Check out the lat­est Guide­lines report from NADA Used Car Guide

Price Move­ment for Major­i­ty of Seg­ments Fell in Tight Range of — 0.3% to 0.4%:
Com­pact util­i­ty, large SUV and mid-size van prices drop­ping slight­ly, while com­pact car, large pick­up and mid- size util­i­ty prices inched up.

Lux­u­ry Car and Util­i­ty Prices Saw Sea­son­al Norm with 0.9% and 1.1% Declines:
Lux­u­ry car loss­es had notable one per­cent­age point improve­ment over December’s 2.1% drop.

Used Vehi­cle Prices Are Expect­ed to Climb by 2.1% in Feb­ru­ary:
Prices could climb mar­gin­al­ly in March before falling the remain­der of the year.

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