Senior Market Analyst of Automotive Insights
Kelley Blue Book
June saw second consecutive month of used car values declining, since values leveled off in early April; While values still high from historical perspective, Kelley Blue Book believes there’s room for further softening through 2nd half of 2012.
Cheaper Prices at Pump Continued Weaker Demand for Fuel-Efficient Vehicles:
Saw drop of 2.5% in auction values since start of June, more than overall market’s 1.9% depreciation.
UC Values Expected to Continue Decline Moderately, Especially as Supply Improves at Auction:
In most cases, dealers are opting to retain trade-ins, keeping trade volume low in auction lanes.
Off-Lease Volume Expected to Remain Tight Until at Least Q1 2013:
Captive finance companies in many cases are selling their off-lease vehicles directly to franchised dealers.