Executive Automotive Analyst
NADA Used Car Guide
Used vehicle deprecation was stable in October – at 2.8%, the decline was better than the 3.6% drop in that same month of 2013 and 2014; and better than September 2015 with its 3.5% decline. As is typical in October, compact cars, mid-size vans, large cars, and mid-size cars saw the softest prices. Truck depreciation was again lighter than cars, with large pickup depreciation tightening up to 2% from September’s relatively high rate of 2.8%.
Overall Depreciation for 2015 at 12.3% — Down from 2014’s YTD of 11%:
Luxury large cars had largest decline at 18%, followed by subcompact cars at 17%.
YTD Auction Volume at 3.52M Units – Up from 4% from Same Period Last Year:
Volume of vehicles up to eight years old rose 4% in October, reaching 319K units.
November Forecast for Vehicles Up to Eight Years Old Down 2% to 2.5% from October:
Used vehicle depreciation expected to improve in December to 1.5% to 2% decline.