Alec Gutierrez Senior Market Analyst of Automotive Insights Kelley Blue Book Despite increased demand at auction from dealers in Northeast, used values have declined steadily after slight increase immediately following Superstorm Sandy; Modest bump in prices happened in weeks following storm; After initial uptick, values have moderated, and today, values are generally following a normal […]
Tom Kontos Executive Vice President, Customer Strategies & Analytics ADESA Analytical Services Wholesale used vehicle prices seem to be returning to a similar softening pattern that started in the Spring; Superstorm Sandy may have caused a “blip” in late October, although prices may have softened even more around Thanksgiving if it weren’t for strong retail […]
November used vehicle prices were predictable following Hurricane Sandy, according to the NADA Used Car Guide. The market had seen a 2.1% decline prior to the hurricane and conditions improved to see 1% decline in November.
One point of depreciation, or $155 in pricing, was in line with NADA’s estimated forecast of…
While mid-size cars and vans had seen the largest declines for two months before the hurricane, they collectively reached…
NADA expects used vehicle depreciation to essentially match November in December, and then…