Executive Automotive Analyst
NADA Used Car Guide
Wholesale prices closed 2012 on strong note despite potential fiscal cliff – average price of vehicles up to 8-years old ticked up slight 0.1% and remained essentially unchanged from November; Prices for all segments fell by scant 0.7% from November, while mid-size cars, utilities, and vans were up 0.5%.
Compared to Prior December, Overall Market Prices Were 1.9% Higher:
Large pickups and SUVs up 7.7% and 6.3% respectively, luxury utility had largest price drop at 5.8%.
Used Price Movement Followed More Traditional Seasonal Patterns for 2012:
External factors affected results, most notably elevated gas prices in spring and Hurricane Sandy in Q4.
Last Year, Gasoline Prices Grew by Over 60 cents from January through April:
Car prices increased beyond seasonal patterns, but more notably, light truck prices didn’t drop.