November Down but Ends Four Month Depreciation Streak

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

Whole­sale prices slipped by 1.3% in Novem­ber, a result bet­ter than what has been his­tor­i­cal­ly record­ed for the month. That also pro­duced results end­ing a four-month streak with depre­ci­a­tion at or above 3%. Strong demand and a pull­back in auc­tion vol­ume slowed used vehi­cle depre­ci­a­tion to one of the low­est lev­els of the year.

Here’s the Decem­ber 2014 edi­tion of Guide­lines

NADA’s Used Vehi­cle Price Index Increased to 123.0 and Down from 124.0 Year Ago:
November’s sol­id per­for­mance lift­ed index near­ly two per­cent­age points over Octo­ber.

Incen­tive Spend­ing at Near­ly $2,900 and 22nd Con­sec­u­tive Month­ly Increase:
Helped new vehi­cle sales rise by 4.5% as SAAR nears 17.1M vehi­cles.

Mid-size Vans Had Largest Seg­ment Drop When it Fell by 2.6%:
But much less than the near­ly 5% drop aver­aged in the two months pri­or.

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