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.
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.