May Sees Biggest Drop in Pricing Since October

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

Prices of used vehi­cles up to eight years in age fell by 3.2% in May – the biggest drop record­ed since last October’s 3.6% decline. It was also the fourth worst show­ing for the month since 1995. The fast depre­ci­a­tion rate came from weak demand for com­pact and mid-size cars, and from hav­ing two full week­ends of Memo­r­i­al Day new vehi­cle mar­ket­ing pro­mo­tions.

NADA Used Car Guide’s Indus­try Update for June 2015

Large Pick­ups Con­tin­ued to Per­form Strongest – Up 7.1% Over Pre­vi­ous Year:
Mid-size util­i­ty and large SUV seg­ments also strong per­form­ers, up 4% and 2.7%, respec­tive­ly.

Auc­tion Vol­umes of Vehi­cles Up to 8 Years Old Fell for 2nd Con­sec­u­tive Month:
Fell by 310,000 (or 6%), yet vol­ume was up 7% high­er than year ago and up 7% year-to-date.

June Fore­cast for Prices of Vehi­cles Up to Eight Years in Age 2% ‒ 2.5% Low­er than in May:
Car depre­ci­a­tion expect­ed to gen­er­al­ly exceed that of trucks once again.

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