Q1 Sees High Volumes and Prices for Used Vehicles

Caldwell_Jessica_Edmunds

Jes­si­ca Cald­well
Senior Ana­lyst and Direc­tor of Pric­ing and Indus­try Analy­sis
Edmunds.com

Sales of used vehi­cles in Q1 2015, saw a 1.8% year over-year gain after two years of first-quar­ter declines. The mar­ket is see­ing a high vol­ume of “near-new” used vehi­cles – up to only five years old or new­er – which has been pumped up by lease returns. It’s also help cer­ti­fied pre-owned (CPO) vehi­cles see its high­est first quar­ter sales fig­ure ever. Vehi­cles sold in the three-year old and younger seg­ment made up 48.6% of retails used vehi­cle sales dur­ing the first quar­ter – 7.6% over Q1 2014.

Edmunds.com’s Q1 2015 Used Mar­ket Quar­ter­ly Report

Used Vehi­cle Aver­age Trans­ac­tion Prices Reached $18,088, High­est Ever for Q1:
Price increase stems from simul­ta­ne­ous growth in both new­er and old­er used vehi­cles.

Old­er Used Vehi­cles Have Seen Strongest Price Growth as Near-New Sales Boomed:
Price growth has been seen in vir­tu­al­ly every seg­ment, indi­cat­ing con­tin­ued strong demand.

Glut of Off-Lease Vehi­cles is Being Felt Most as Price Dip in Near-New Used Cars:
Demand is soft­en­ing since mar­ket pref­er­ences have shift­ed towards light truck seg­ments in light of low gas prices.

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