Dealer Car lot with Shoppers

Leading Analyst Says Used Car Market to Decline in 2015 to 2017

Speed Read:

Begin­ning in 2015, Used Car Prices are expect­ed to decline

RVI Group pre­dicts UC prices to drop by 5 % by 2017 from cur­rent lev­els

What are the trends that will impact Deal­er plan­ning in next year?

  • RVI projects stronger sales vol­ume & more favor­able eco­nom­ic con­di­tion in next 5 years
  • Sup­ply of used cars in the mar­ket expect­ed to increase steadi­ly through 2019
  • UC prices will decline in next 3 years over­all
  • New vehi­cle prices are expect­ed to expe­ri­ence mod­est declines in next 5 years
  • Pric­ing of vehi­cles will be an issue due to increased com­pe­ti­tion with­in auto mar­ket
  • Greater sup­ply of used vehi­cles & weak­er new car prices will lead to pro­ject­ed decrease in UC prices.

Source: RVI Group Release, April 30

http://www.rvigroup.com/about/profile.shtml

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