KBB: Significant Used Car Price Declines Continue through July

Alec Gutier­rez
Senior Ana­lyst
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.

Here’s the lat­est Blue Book Mar­ket Report

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.

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