Vice President, Passenger Vehicle
The RVI Used Vehicle Price Index increased by 2.4% in November 2014 when compared to the previous month; and when compared to November 2013, prices increased by 0.4%. The index measures wholesale values or (residual values) of two-to-five year old used vehicles adjusted for mileage, mix, and seasonality. When compared to last year’s data, most vehicle segments saw declines in residual values with the exception of Mid-Size SUVs and Luxury Coupes.
All But One Vehicle Segment Saw Gains in November 2014:
Leading the market were Sporty Coupes, Full-Size Vans and Luxury Small Sedans.
When Compared to Last Year, Most Segments Saw Declines in Residual Values:
Two segments had were exceptions – Mid-Size SUVs and Luxury Coupes.
New Vehicle Transaction Prices Fell 0.1% on Seasonally Adjusted Basis:
October to November saw slight decline compared to 0.6% increase from November 2013.