Alec Gutierrez
Senior Analyst
Kelley Blue Book
Auction values started 2014 strong – 1-to 3-year-old vehicles started off with an average auction value of $17,876 – 1% higher than at the beginning of calendar year 2013. As for December 2013, 1-to-3-year-old vehicle closed just $55 shy of 2012 auction values, which was in line with 2013 projections.
Here’s the latest Blue Book Market Report on used car trends
Auction Values in 2014 Should Follow Seasonal Upswing:
Typical for first quarter, and should remain in-line with calendar year 2013 values.
Subcompact Cars Becoming More Attractive from Dollar Standpoint:
Comes from constant demand from consumers for cheaper and more fuel-efficient cars.
New Luxury Crossovers and SUVs Saw 10% Gain in 2013 Sales:
As these vehicles remain popular with consumers, expect their used values to remain high.
