Alec Gutierrez
Senior Market Analyst of Automotive Insights
Kelley Blue Book
Click here for Blue Book Market Report
June saw second consecutive month of used car values declining, since values leveled off in early April; While values still high from historical perspective, Kelley Blue Book believes there’s room for further softening through 2nd half of 2012.
Cheaper Prices at Pump Continued Weaker Demand for Fuel-Efficient Vehicles:
Saw drop of 2.5% in auction values since start of June, more than overall market’s 1.9% depreciation.
UC Values Expected to Continue Decline Moderately, Especially as Supply Improves at Auction:
In most cases, dealers are opting to retain trade-ins, keeping trade volume low in auction lanes.
Off-Lease Volume Expected to Remain Tight Until at Least Q1 2013:
Captive finance companies in many cases are selling their off-lease vehicles directly to franchised dealers.
