Alec Gutierrez
Manager, Vehicle Valuation
Kelley Blue Book
Auction values were relatively flat in January in accordance with typical seasonal patterns, declining modest 0.3% overall, though values were up 2.6% on average year-over-year; Though most model years are worth more, 2012 MY vehicles are worth 4% less than used 2011 MY vehicle at this time last year.
Click here to read the Blue Book Market Report for February
4% Drop in 2012 MY Vehicles Attributed to Still Narrow New Vs. Used Gap:
Compact cars and small CUVs saw only a few thousand dollars from new to 1-2 year old used.
Jump in Availability of Used 2012 MY Vehicles Further Suppressing Used Values:
W/ 14.5M vehicles sold last year, there are a lot more 2012 MY vehicles than from previous 3 model years.
KBB.com Saw Increase in Shopping Activity in Full-Size Crossover Segment:
Shoppers looking toward practical multi-functional vehicles to serve their family’s needs.