Senior VP, Passenger Vehicle
The RVI Used Vehicle Price Index (Real) increased by 0.7% in December when compared to November. When compared to December 2014, the RVI index fell by 3.2%. RVI’s Used Vehicle Price Index (Nominal) increased 0.5% in December when compared to November. Prices fell 1.1% from December 2014. RVI’s index measures the wholesale values or (residual values) of two-to-five year-old used vehicles adjusted for mileage, mix, and seasonality. Most segments saw little change in their residual values this past month.
Mid-size Sedans and SUVs Saw Greatest Uptick in December, Month to Month:
Luxury Coupes and Full-Size Sedans saw the greatest price declines.
Mid-size SUVs Only Vehicle Segment to see Monthly and Yearly Increases:
Segment saw 1.7% month-to-month gain, and 0.3% year-to-year increase.
New Vehicle Transaction Prices on Seasonally Adjusted Basis Fell 0.1% M-O-M:
When compared to December 2014, there was a 0.2% increase in new vehicle prices.