Edmunds Q3 Reports Looks into Effect of Trade Ins and Leasing on Market

Caldwell_Jessica_Edmunds

Jes­si­ca Cald­well
Senior Ana­lyst and Direc­tor of Pric­ing and Indus­try Analy­sis
Edmunds.com

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.

Here’s Edmunds’ Q3 2014 Used Vehi­cle Mar­ket Report

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.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.