Executive Automotive Analyst
NADA Used Car Guide
Strong seasonal demand lifted NADA’s used vehicle price index for May 2014 to a new high of 126.8; that was 0.5% better than the previous record set in April. Older vehicle prices – used vehicles up to eight years old – fell by 2.2% compared to April; that outcome was slightly better than what’s historically occurred in the month of May.
Depreciation Patterns Similar to What Was Observed for Period in 2011 and 2012:
Small and mid-size car decline exceeded overall market average; losses for other segments were at or below the industry mean.
For First 5 Months of 2014, Wholesale Prices 2.9% Over Same Period Last Year:
Large pickups continue to lead other segments – prices nearly 12% over last year’s level.
NADA’s Forecast for Summer Months Unchanged from May issue of Guidelines:
Depreciation rates expected at 2%-2.5% in June, 1%-1.5% in July, and 2% in August.