Kelley Blue Book
Seasonal trends came back after mid-April after ratcheting up in early March. Auction values increased an average of $660 during March and half way through April. Reaching their peak in mid-April had been expected as supply and demand began to normalize; and dealers were able to finish stocking up on used vehicle inventory to meet consumer demand for summer months. KBB expects normal seasonality trends to take over with downward trajectory through end of the year.
At $3.61, Gas Prices Were 14 Cents Higher than April 2013 But 19 Cents Lower than April 2012:
Combination on low fuel prices and higher mpg for non-hybrid vehicles has weakened used car values for hybrid segment.
Mid-Size Cars Saw Strongest Trade-in Activity on KBB’s Online Shopper Activity:
Compact cars and full-size pickups expected to see increased trade-in at dealerships in upcoming months.
CPO Dealers Should Have Plenty of Inventory from Mid-Size and Compact Car Trade-ins:
Entry-level luxury cars are sought-after segment for CPOs by shoppers in Western states.