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.
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.