Executive Automotive Analyst
NADA Used Car Guide
The April used car market saw conditions returning to normal for this time of year – prices were down 1.1% from March for one-to-eight year old vehicles, essentially equal to the 1% decline in April for the past two years. While off-lease vehicles will play a role, market conditions are in line for now with what tends to happen at this time of year. March had seen a pronounced 3.7% gain, but that follow extreme weather impact in January and February. April finished at 125.8 on the NADA seasonally adjusted used vehicle price index, which tied with March as the highest figure reached.
Prices for All Compact Cars and Utilities and Mid-size Cars Were Down in April:
Worth noting that depreciation averaged 1-percentage point less than year ago.
Large Pickups Saw Months-Long Trend End, Falling Nearly 1.3% in April:
3rd largest decline in segment in past two years, behind 1.6% in September 2013 and 2.4% in October 2013.
Prices for Luxury Utilities Fell By 0.6% and Luxury Car Prices Fell by 1%:
While large SUV prices dipped by just 0.4%, the least of any segment.