Used Vehicle Market Stable in October

Jonathan Banks
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%.

Here’s the lat­est Guide­lines report

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.

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