Remarketing Roundup: Thoughts on Used Vehicle Market Trends

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by Jon LeSage, edi­tor, Used Car Mar­ket Reports

Here’s some mar­ket trends worth pay­ing atten­tion to from the lat­est Used Car Mar­ket Reports….

ADESA Ana­lyt­i­cal Ser­vices’ Tom Kon­tos con­tin­ues to sees used vehi­cle val­ues soft­en as off-lease returns start to increase.

Sep­tem­ber saw con­tin­ued vol­ume growth and few­er retail units sold. Retail used vehi­cle units sold were down 10.5% from August and CPO sales saw a drop of 21.6% from that month.

One thing that bucked the down­ward trend was that late mod­el off-rental and risk units have been con­tin­u­ing to see year-over-year price growth out­side sea­son­al declines.

NADA Used Car Guide expects the year to be a good one over­all – they think we can expect to see the year fin­ish with used vehi­cle val­ue 0.5% to 1% high­er than 2012’s record lev­els.

Sep­tem­ber saw its usu­al sea­son­al price drop – 2.6% down com­pared to depre­ci­a­tion stay­ing at 1.2% for three pre­vi­ous months – but it was one-tenth of a point less severe than the 2.7% aver­age in the month of Sep­tem­ber each year between 2005 and 2012.

Auto­mo­tive News won­ders if the boom in new and used vehi­cle sales will be wan­ing soon – with much of it fueled by easy cred­it and with inter­est rates expect­ed to rise.

The Black Book team con­tin­ues to notice that the typ­i­cal effect of soft­en­ing gaso­line prices hasn’t been bring­ing down the used mar­ket val­ue of fuel effi­cient vehi­cles. Ricky Beg­gs report­ed that entry mid­size cars, com­pact cars, and upper mid­size cars have been see­ing strong price reten­tion at auc­tion for the past three months while gas prices have been down from what they were.

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