Vice President, Passenger Vehicle
The RVI Used Vehicle Price Index (Real) decreased by 5.4% in January when compared to December. Compared to January 2014, the index increased by 0.1%. The Index (Nominal) fell 3.5% in January from December, and rose 2.4% from January 2014. All segments saw decreases in January from December. Small Pickups and Small SUVs had the smallest price declines, while Full-Size Sedans and Luxury Small Sedans saw the largest declines.
New Vehicle Transaction Prices Fell 0.1% from November to December:
When compared to December of 2014, there was a 0.5% increase.
Gas Prices fell to $2.21 per gallon in January During Dramatic 7 Month Drop:
But through the week of February 9th, gas prices have risen to $2.27 per gallon.
RVI Used Vehicle Price Index Measures the Wholesale Values:
Or residual values of 2–5 year-old used cars adjusted for mileage, mix, and seasonality.