NADA Reports on Dealership Used Vehicle Performance in 2014

Steven Sza­kaly
Chief Econ­o­mist, Indus­try Analy­sis
Nation­al Auto­mo­bile Deal­ers Asso­ci­a­tion

Nation­al Auto­mo­bile Deal­ers Asso­ci­a­tion released the annu­al report NADA Data on deal­er­ship sales and finan­cial trends. The aver­age retail price of $18,846 for a used light vehi­cle sold at a fran­chised deal­er­ship in 2014 was up 4.1% from 2013 and 14% from 2010. Even though more off-lease vehi­cles com­ing back to the whole­sale mar­ket this year, pent-up demand from new- and used-vehi­cle buy­ers, along with low inter­est rates, are like­ly to keep used vehi­cle val­ues strong this year.

Here’s the NADA Data – 2014 report released in late April

NADA Expects Used Vehi­cle Val­ues to Increase Again Dur­ing 2015:
That will prob­a­bly not be as high in val­ue as was seen 2014.

Trade-ins on New Vehi­cle Sales Made Up 42% of Used Sup­ply in 2014:
Auc­tion pur­chase was 2nd at 26%, and trade-ins on used vehi­cles was at 24%.

NADA Expects a Robust 2015 with 17.3M in Light and Heavy Duty Sales:
Ris­ing inter­est rates and con­tin­ued lack­lus­ter wage growth will be present.

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