Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide
Prices for units up to eight years in age fell 2.1% in May; while it was largest drop since October 2012’s 2.9%, month’s loss was relatively mild from seasonal standpoint. NADA’s price index moved to 122.1 for month – 0.6% improvement over April’s figure 121.3. Index’s five month average of 122.5 remains just slightly below 2012’s historical peak of 122.9.
Click here to read the latest NADA Used Car Guide
Demand Supported by Favorable Credit Conditions and Stable Gasoline Prices:
Plus rising consumer confidence, and single family home prices growing by 9.5% in Q1.
UV Supply Having Contrasting Effect on Prices Across Model Years and Segments:
Supply for units between 5–8 years old down 17.7% year-to-date, while between 1–4 years old has risen by 7.7%.
Losses of 3.3% for Compact and 3.0% for Mid-size Cars:
Significantly outpaced overall market decline for 2nd consecutive month.
