Prices Expected to Remain Below 2013 Level

Gutierrez_Alec

Alec Gutier­rez
Senior Ana­lyst
Kel­ley Blue Book

Auc­tion val­ues con­tin­ued to rise through Feb­ru­ary 2014, just $27 shy of last year’s Feb­ru­ary aver­age. Val­ues are expect­ed to con­tin­ue their sea­son­al upswing through April, while remain­ing just below 2013 lev­els. Kel­ley Blue Book expects 2014 val­ues to remain slight­ly below that of 2013 through­out the remain­der of the year.

Here’s the lat­est Blue Book Mar­ket Report – Used Car Edi­tion

Gaso­line Price Has Been About $3.33 – 36 Cents Low­er than Last Year:
Ben­e­fits truck seg­ments and can decrease demand in hybrid or fuel-effi­cient vehi­cle seg­ments.

Full-size Pick­ups Were High­er than Last Year But Down from Jan­u­ary:
Decline may be due to typ­i­cal sea­son­al pat­terns, and slow­er con­struc­tion may length­en peri­od of low­er val­ues.

Mid-size Vehi­cles Up 1.18% Year-to-Date but 1.15% Low­er than 2013:
Best per­form­ers in seg­ment dur­ing Feb­ru­ary 2014 were Volk­swa­gen Pas­sat, Sub­aru Lega­cy, and Hyundai Sonata – up 5.3%, 2.8%, and 2.6% respec­tive­ly.

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