RVI Forecasts Price Decline Coming Up in 2018

Rene Abdalah
Vice Pres­i­dent, Pas­sen­ger Vehi­cle
RVI Group

RVI fore­casts used vehi­cle prices should fall 4.9% from cur­rent their cur­rent pric­ing lev­els by 2018. That resid­ual val­ue decline will come from increased sup­ply, greater com­pe­ti­tion, and high­er incen­tives. Increased sup­ply will come main­ly from off-lease vehi­cles that come back to mar­ket. Leas­ing will con­tin­ue to increase in new vehi­cle sales through 2018.

Nom­i­nal Used Vehi­cle Prices Increased 1.6% from Octo­ber:
Nom­i­nal (sea­son­al­ly adjust­ed, 2–5 year old vehi­cles) up 3.9% Y-O-Y.

Real Used Prices (After Adjust­ing for MSRP) Up 1.9% from Octo­ber:
Com­pared to Novem­ber 2014, real used vehi­cle prices were down 1.6%.

Cana­di­an Real Used Car Prices Increased 8% Over Novem­ber 2014:
Grow­ing sup­ply and con­di­tion of mon­e­tary exchange rate will lead to price decline.

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