NADA Sees April Price Declines Matching Seasonal Trend

Jonathan Banks
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%.

The lat­est edi­tion of Guide­lines from NADA Used Car Guide

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.

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