VP, Passenger Vehicle
Full-size pickups and luxury coupes were numbers one and two in price increases during June on the RVI Used Vehicle Price Index (Real). Full-size sedans and sub-compacts saw the worst performance during the month; sub-compacts had the largest drop of any category, down 13.5% from a year ago. The RVI Real Index decreased by 0.5% in June when compared to May. When compared to June of 2014, that index fell by 3.0%. The company’s Used Vehicle Price Index (Nominal) fell 0.6% in June when compared to May. Nominal prices fell 0.3% from June 2014.
Used Vehicle Prices Declined for Most Segments in June:
Compact vehicles and sedans saw the greatest declines from the month of May.
May Saw a 0.8% Increase in New Vehicle (Transaction) Prices Over May 2014:
New vehicle prices, on a seasonally adjusted basis, rose 0.2% from April to May.
Gasoline Prices Rose in June to $2.89 Per Gallon:
June gas prices were up 3% over May, but were 23% down from June 2014.