Alec Gutierrez
Manager, Vehicle Valuation
Kelley Blue Book
Used-car values were relatively flat in February, declining scant 0.4%. Although most segments generally were flat or down slightly overall, fuel efficient subcompact and compact cars improved 1.1%, due in large part to a more than $0.20 per gallon increase in gasoline prices; Rest of market has been held flat by improving supply at auction.
Click here to read the Blue Book Market Report for February
Relief in Used Vehicle Supply at Auction Should Come from Increased Trade-ins from Growing New Vehicle Market:
As well as potential year-over-year increase of 300,000 units or more in off-lease units.
Used Vehicle Supply Expected to Continue to Improve:
Kelley Blue Book anticipates values will remain relatively steady through spring.
KBB Advises Dealers Looking to Load Up on Inventory to Proceed with Caution:
Especially those expecting repeat of strong wholesale gains in both 2011 and 2012 MY vehicles in spring market.
