Executive Automotive Analyst
NADA Used Car Guide
While NADA Used Car Guide’s latest price index was up more than 4% over February 2015, prices were at a historically weak level. Wholesale prices were down 1% from January, and it was the first time in 20 years that prices didn’t increase. Late-model vehicles had much to do with the oversupply and soft prices. Auction volume of 2014 and 2015 model year vehicles increased by about 20% from January to February – four times greater than in past two years.
Luxury Segments Were Hit Hardest in Downward Prices in February:
Luxury compact car, large utility, and mid-size utility prices fell by an average of 2%.
Large Pickup and Utility Losses Outpaced Other Segments by Average of 1%:
Reversed long-held strong position, while compact cars continued weak performance.
Prices for Vehicles Up to 8 Years Old Rising 2% to 2.5% in March over February:
Wholesale price growth is expected to be more pronounced for cars than trucks.