Executive Automotive Analyst
NADA Used Car Guide
Wholesale used vehicle values experienced typical seasonal patterns in April. While they were down 1.4% in price compared to March, that price decline was very similar to the 1.3% April decline recorded in 2013 and 2014. Cars fared worse than trucks in April, with subcompact and mid-size cars dropping 1.7% from March, and compact cars declining 1.4%.
Mid-Size Van Was Only Truck Segment with Depreciation on Par with Cars:
Luxury mid-size and large cars continued to be among weakest performers, down 1.6%
Auction Volume Was Down 4% from March, But Up 7% Over April 2014:
2014 model year continued to represent lion’s share of volume moving through lanes.
Prices of Vehicles Up to 8-Years-Old Should Fall 2.7% in May and 2% in June:
If this forecast proves to be accurate, losses would match decline over same period last year.