NADA: One More Month of Increase Before Prices See Real Decline

Jonathan Banks
Senior Direc­tor
NADA Used Car Guide

NADA’s index remained unchanged in Feb­ru­ary for the third month in a row at 124.6, tying August 2013, Decem­ber 2013, and Jan­u­ary 2014 as 3rd high­est fig­ure record­ed. Favor­able weath­er in 2nd half of Feb­ru­ary allowed for prices to grow an addi­tion­al 1.5 points, end­ing month with 2.2% increase. While prices should increase anoth­er 1% in March, they’re expect­ed to fall 2.5% to 3% per month through June.

Here’s the March edi­tion of Guide­lines

Price Move­ment Strong Across All Main­stream Seg­ments – Up 1% to 3.2%:
Com­pact cars did 2.8% over Jan­u­ary, mid-size cars were up 3.2%.

Trade-in Val­ues Increased by an Aver­age of 0.7%:
Car val­ues increased by 1%, and truck val­ues were up by 0.2%.

Harsh Weath­er Con­di­tions Again Took their Toll on New Vehi­cle Sales:
Sales were essen­tial­ly flat at –0.1%; sea­son­al­ly adjust­ed annu­al rate was at 15.3M.



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