Executive Automotive Analyst
NADA Used Car Guide
October’s performance pulled NADA’s price index down by three-tenths of a point from September to 121, and down from 122.6 in October 2013. Wholesale prices for vehicles up to eight-years old fell by 3.7% from September, which was the fourth month in a row with depreciation at or above 3%. Prices were shaped by increasing late-model supply combined with waning demand typical in that season.
Incentives Played Less of a Role Dampening Prices than in 3 Prior Months:
While incentives moderated, number of late-model vehicles sold at auction continued to expand.
Off-Rental 2014 Model Year Volume Surged by 37% by End of October:
Typical off-rental vehicle growth through the fall suggests surge not quite noteworthy.
November Price Losses Expected to be Most Severe for Mid-size Vans:
Large pickups, industry’s best performing segment, expected to fall by less than 2%.