Jonathan Banks
Senior Analyst
NADA Used Car Guide
NADA Used Car Guide expects many popular used compact and midsize cars to drop 5% from May to June, after big gains in first 5 months of year, driving by declining gasoline prices. Used car values will be down about 2% while trucks will fall by 1%.
Value of 2009 Honda Civic Sedan 4D LX Will Drop by $600 in June:
After appreciating by $1,200, or 11%, from January through May of this year.
Toyota Prius Prices Will Drop Even More Dramatically in June:
Rapid depreciation for hybrids not uncommon after surging gasoline prices spike.
Small and Midsize Cars Experienced Greatest Appreciation 1st Part of 2012:
Looking ahead to July, expect to see values to continue dropping sharply.