Executive Automotive Analyst
NADA Used Car Guide
NADA Used Car Guide’s seasonally adjusted used vehicle price index fell by 1.6% from November to 122.4, and dropped nearly 2% below last December’s level. That was a much steeper fall for December than the 0.5% decline averaged for that same month over the previous five years. It also marked the second weakest month since 2003. Nearly every segment had steeper losses than those of the past few years. Overall, 2015 was one of the strongest years on record – down just 0.3% from the all-time high averaged in 2014.
Luxury Mid-size Cars and Compact Cars Had Largest Declines with Both at 2.2%:
Mid-size utility and luxury large cars did best at slightly less than 1% in price declines.
Auction Volume of Vehicles Up to 8 Years Old Fell by 2% Over 4 Weeks Ending December 21 from Prior 4 Weeks:
Compared to same period of previous year, auction volume was 6% higher.
Price Forecast: Vehicles Up to 8 Years Old Up 0.5% for January over December:
Prices should be up about 1% per month in February and March.