Executive Automotive Analyst
NADA Used Car Guide
Used vehicle price declines are continuing, but at a more moderate pace. In June, prices of used vehicles up to eight years in age fell by 2.5% from May, or more than a half-percentage point less than the 3.2% drop recorded a month earlier. Looking at the numbers from a broader perspective, the first half of 2015 saw prices just 0.6% down form the first half of 2014 and its all-time high. Used prices are holding up fairly well even with pressure from the new vehicle market and rising supply.
Subcompact, Compact and Mid-size Car Prices among Softest all Year:
Due to new market competition in segments, demand for crossovers and lower gasoline prices.
At 2.1% Depreciation, Compact Utility Prices Bounced Back from May’s 3.3% Fall:
Mid-size and large utility prices down 6% for year, essentially unchanged from 2014.
Large Pickups Dipped 0.5% in June to bring YTD depreciation to just 4%:
Prices haven’t fallen by more than 2.5% on a monthly basis in more than five years.