Executive Automotive Analyst
NADA Used Car Guide
Wholesale prices in July for vehicles up to eight years in age were down moderately for the month. Prices fell 2.2%, which showed stronger performance than the 3.2% drop a year ago; but the seasonally adjusted used vehicle price index fell 0.9% from June to 122.6. Price polarity continued between trucks and cars, with mild utility and pickup losses helping moderate the decline.
Subcompact Prices Fell by Hefty 4.3% in July as Segment Weakness Continued:
Prices for subcompacts have fallen by 13% since March — largest segment drop in the industry.
Auction Volumes Reached Nearly 310K in July, Down 6% from June’s Total:
2015 model year bucked trend, jumping 56% from June to 27,500 units.
NADA UCG Forecasts August Prices Declining by 2.2% to 2.7% from July:
Marginally better than nearly 3% August 2014 decline, but steeper than 2% decline from two years ago.