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.
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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.