Executive Automotive Analyst
NADA Used Car Guide
Prices of used vehicles up to eight years in age increased by 2.3% month-over-month in March, which was 1.5 percentage points more than February’s tepid 0.8% rise. It was also the highest increase recorded since March 2014 when prices ballooned by over 4%. The market made up for lost ground in March, as thawing temperatures allowed dealers and consumers to become much more active after harsh winter weather restricted market activity over the first two months of the year. Overall, post-recession increase is likely due in part to better and more precise dealer inventory management practices.
Mainstream Segments Saw price growth for Majority checked in between 2.3% to 2.7%:
Large pickups and subcompact cars fell short, with increases of 1.9% and 1.6%, respectively.
Auction Volume for Models up to 8 Years Old was About 341,000 Units in March:
Up 3% from February’s level and more than 5% higher than March 2014.
March’s Strength and Seasonal Demand Should Help Limit April Deprecation at 1%:
Would be improvement over the 1.5% decline averaged over past 10 years (except for 2011 following Japanese tsunami).