Senior Market Analyst of Automotive Insights
Kelley Blue Book
During past several months, new and used car values have steadily declined, and w/ stuttering economic recovery, luxury vehicles especially hard hit – 7% to 10% less than year ago in value; Gasoline prices have been moving upward, but fuel-efficient cars lead declines.
New Car Sales Had Strong Results – at 14.5M Units SAAR:
Leasing growth and big incentives for trucks could affect used car values long term.
Used Car Pricing Close to What’s on New Car Lots:
Consumers want to replace old cars, and it’s getting tougher to choose between new and used.
As Gasoline Prices Steadily Increase, Usual Market Pattern Thrown Off:
Values of fuel-efficient cars way down, while values of trucks and SUVs remain steady.