RVI Sees Drop in Real and Nominal Prices from December and Increase Over January 2014

Rene Abdalah
Vice Pres­i­dent, Pas­sen­ger Vehi­cle
RVI Group

The RVI Used Vehi­cle Price Index (Real) decreased by 5.4% in Jan­u­ary when com­pared to Decem­ber. Com­pared to Jan­u­ary 2014, the index increased by 0.1%. The Index (Nom­i­nal) fell 3.5% in Jan­u­ary from Decem­ber, and rose 2.4% from Jan­u­ary 2014. All seg­ments saw decreas­es in Jan­u­ary from Decem­ber. Small Pick­ups and Small SUVs had the small­est price declines, while Full-Size Sedans and Lux­u­ry Small Sedans saw the largest declines.

Here’s the lat­est RVI Group Mar­ket Update

New Vehi­cle Trans­ac­tion Prices Fell 0.1% from Novem­ber to Decem­ber:
When com­pared to Decem­ber of 2014, there was a 0.5% increase.

Gas Prices fell to $2.21 per gal­lon in Jan­u­ary Dur­ing Dra­mat­ic 7 Month Drop:
But through the week of Feb­ru­ary 9th, gas prices have risen to $2.27 per gal­lon.

RVI Used Vehi­cle Price Index Mea­sures the Whole­sale Val­ues:
Or resid­ual val­ues of 2–5 year-old used cars adjust­ed for mileage, mix, and sea­son­al­i­ty.

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