Alec Gutierrez
Senior Analyst
Kelley Blue Book
Seasonality and influx of supply expected later this year should put downward pressure on used vehicle values; KBB expects auction value depreciation to resume at a faster pace in Q4; Minivan auction values were higher year-over-year, mid-size vehicles were slightly up, and luxury values decreased during August; Mid-size and compact car segments were up 0.3% — much higher than 1.3% decline for all car segments.
Click here to read the Blue Book Market Report for Used Market
1-3 Year Old Full-Size Pickups Up Over 2012 Values for 1st Time Since February:
Growth in residential construction may be increasing values of used pickups.
Fuel Prices Were Flat in Summer Months of July and August 2013:
Expect fuel prices to be flat remainder of year with possibility of slight decline.
August Auction Values Down $57 Vs. $134 Drop Seen in July:
Slowdown in auction value depreciation puts 2013 average value $355 above those seen in 2012.