Senior Analyst and Director of Pricing and Industry Analysis
In 2014, 47% of new cars sold in the retail market came with a trade-in – the highest rate since 2006. The new vehicle sales rate is expected to hit 16.5M vehicles this year, which nets a lot of trade-ins and a full dealer used car lot. The high volume of off-lease returns has mostly impacted certified pre-owned vehicle sales, which has experienced that heftiest gain among all used vehicle segments through its ample supply of used lease vehicles.
Consumers See Value of CPO in Depreciation Since Most of it Happens in First Few Years:
There is additional cost with average CPO price $1,341 more than non-CPO counterpart.
Six Year Old Vehicles Bucked Used Car Value Trend By Being Slightly Down:
Attributed to the sales mix being heavily weighted to small cars in 2009.
This Year is Fourth in a Row When Gas Prices Have Stayed within $3 Per Gallon:
Many light truck segments have experienced sizable gains in used vehicle values.