NADA Used Car Guide Sees Strong Market Performance

NADA Used Car Guide

month­ly Guide­lines report­ed that used vehi­cle depre­ci­a­tion slowed down sub­stan­tial­ly in Novem­ber as whole­sale prices for vehi­cles up to eight years old fell by 1.5% from the Octo­ber. That took place after div­ing 3.5% in Octo­ber.

Oth­er high­lights from the lat­est mar­ket report include:

• NADA’s sea­son­al­ly adjust­ed used vehi­cle price index fin­ished the month at 125.6 in Novem­ber, up 1.8 points from October’s fig­ure of 123.8. This is the high­est point reached on NADA’s index, sur­pass­ing the pre­vi­ous high of 125.0 set back in Decem­ber 2012.
• A por­tion of the month’s strength can like­ly be traced back to the end of the fed­er­al gov­ern­ment shut­down in Octo­ber.
• Giv­en the rebound in con­sumer con­fi­dence that occurred since the end of the polit­i­cal impasse, it’s pos­si­ble that an increase in pent-up demand accu­mu­lat­ed as a result of the fed­er­al shut­down brought addi­tion­al sup­port to used prices in Novem­ber.

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