Kelley Blue Book
Last month, the industry average for used car auction values dropped nearly $334 month-over-month, or 1.85% — a continuation of significant declines. Values hit a higher-than-expected peak this year caused by a delay in the typical spring selling season that came from a poor winter season in January and February. KBB expects these declines to be pronounced throughout the rest of the year.
Subcompact Segment Reported Largest Decrease As is Typical for the Segment:
Year-over-year, the segment had fallen 4.2% at start of June and came in at 3.1% month-over-month decline in July.
Truck and Full-Size Van Used Vehicle Values Decreased During July:
Yet year-to-date change remains positive and highest in comparison to all other segments.
Since June, Gasoline Prices Were Relatively Higher Year-Over-Year:
However, prices are beginning to decline to where they were in 2013.