NADA Used Car Guide Offers Forecast for Used Car Trends into Next Year

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

Used mar­ket fun­da­men­tals remain favor­able; Shift in pref­er­ence toward new vehi­cle mar­ket mild­ly detri­men­tal to used vehi­cle prices, but oth­er pos­i­tive fac­tors — in addi­tion to tight sup­ply — will help sup­port used prices and min­i­mize val­ue loss­es asso­ci­at­ed
w/ emerg­ing new vehi­cle pref­er­ence.

Click here to read NADA Used Vehi­cle Price Fore­cast: Winter/Spring 2012–2013

Man­u­fac­tur­ers Show­ing Pru­dence in Both Pro­duc­tion and Incen­tives:
Don’t expect undue down­ward pres­sure on used vehi­cle prices from over­pro­duc­tion or new vehi­cle sub­si­dies.

While Job Growth in Q1 Expect­ed to Be Min­i­mal, Antic­i­pat­ed to Steadi­ly Improve:
Will help sup­port release of UV demand from con­sumers who tra­di­tion­al­ly pur­chase only used cars and trucks.

Used Prices Expect­ed to Flat­ten Out and then Dip Slight­ly in Q1 Rel­a­tive to Year-Ago Lev­els:
But prices aren’t expect­ed to drop pre­cip­i­tous­ly and instead will remain high by his­tor­i­cal stan­dards.

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