Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide
November used vehicle prices had predictable reaction following Hurricane Sandy; Market had seen 2.1% decline in month before hurricane and conditions improved in November to see 1% decline for the month; One point or $155 in depreciation was in line with NADA’s estimated lift of 0.5-to-1.5%.
Click here to read Guidelines, NADA Used Car Guide’s comprehensive report
Mid-size Cars and Vans Had Seen Largest Declines for 2 Months Before Hurricane:
Mid-size cars had seen 2.8% drop and vans 3.7%, but collectively reached 1% decline in November.
NADA Expects December UV Depreciation to Essentially Match November:
Then turn slightly positive as is seasonal norm in January.
NADA Tracked Price Trends for 3-Year-Old Sedans w/ 4 Cylinders and Highest Volume Trim Level:
Toyota Camry and Subaru Legacy tied for 1st place at 49% retention apiece, followed closely by Honda Accord at 47%.
