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 seasonal depreciation pattern.
Click here to read Blue Book Market Report for December
November Values Declined 0.8%, Modest Decline Compared to 1.7% Drop in November 2011:
Northeast demand minimized depreciation, anticipate modest declines to continue through year-end.
Luxury and Subcompact Cars Led Market Declines in November:
While full-size trucks and SUVs outperformed the market.
Luxury SUVs and Premium Luxury Cars Had Most Growth in KBB Research Activity:
Month over month, luxury SUVs increased 6.4%, premium luxury car up 5%.
