Edmunds Q4 2013 Report Forecasts 2014 Used Car Market Trends

Edmunds.com
Ana­lyt­ics and Pric­ing Depart­ment
Used Mar­ket Quar­ter­ly Report – Q4 2013

Cal­en­dar year 2013 saw a 5% drop in used vehi­cle sales vol­ume, and a 9.3% decrease in Q4 com­pared to Q4 2012. Prices were up 0.7% from Q3 2013 and down 0.5% year-over-year. While declin­ing, used prices remain ele­vat­ed over past norms. As for 2014, Edmunds expects trade-ins to increase result­ing in bet­ter sup­ply at low­er prices for con­sumers look­ing for used car.

2013 Showed 8% Increase in Fran­chised Used Sales Over 2012:
Q4 saw 2.5M units sold – down 11.7% from Q3 and up 8.7% YOY.

OEMs Gear­ing Up for Influx of Off-Lease by Bol­ster­ing CPO Pro­grams:
Pro­grams being enhanced with bet­ter cov­er­age and deal­er engage­ment increas­ing.

Nis­san Leaf and Prius Plug-In Saw Sig­nif­i­cant Price Reduc­tions:
Decreased their used vehi­cle val­ues, and may force com­peti­tors to fol­low.

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