Executive Automotive Analyst
NADA Used Car Guide
While November’s used vehicle prices declined 1.9%, nearly a percentage point above October’s 2.7% decline, it was nearly double the decline of last November’s 1% slide. Compact cars continued their steep decline – 2.7% in November and almost 16% down for the year – 4-percentage points worse than for all of 2014. Light trucks continued performing well with compact utility, midsize utility and large pickup prices down an average of 1.5%; and mid-size pickup and large SUV were each down about 1%.
NADA UCG Sees Prices for Vehicles Up to 8 Years Old Down 1% from November:
Subcompact and compact cars expected to fall 1%, and luxury car and utility should be down 1% to 1.5%.
Trade-in Values for Cars Down 2.4% from November and Trucks Down 1.9%:
Large car and sport car values took the biggest hit, falling by an average of 3.2%.
Since VW’s Emissions Violation, Diesel Engine Jettas and Passats Have Fallen 13% to 16%:
Gasoline powered Jettas and Passats have fallen by lesser 6% to 10% during that time.