Vice President, Passenger Vehicle
RVI Used Vehicle Price Index (Real) increased by 0.6% in April compared to March, but when compared to April of 2014, index fell by 2.7%. RIV’s Used Vehicle Price Index (Nominal) rose 0.9% in April when compared to March. Prices fell 0.1% from April 2014.
Index measures wholesale values or (residual values) of used cars (2–5 year-old vehicles) adjusted for mileage, mix, and seasonality.
Larger Vehicles Had Greatest Gains — Full-Size SUVs increased by 2.0% from March:
Compact cars had weakest price performance in April, falling 0.7% from March.
Seasonally Adjusted New Vehicle Transaction Prices Rose 0.2% from February to March:
There was a 0.8% increase in new vehicle transaction prices in April from March.
Gasoline Prices Rose One Cent in April, Up to $2.56 Per Gallon:
Gas prices saw a jump in May – as of May 4th, prices had risen to $2.75 per gallon.