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.
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.