Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide
At 2.3%, AuctionNet wholesale prices experienced deeper decline in October than 2% average fall that had been observed over previous 3 months; But downward movement was slightly better than what is typically seen over month and was significant improvement over 4% drop recorded in October 2011.
Click here for November’s NADA Used Car Guide Industry Update
NADA Expects UV Prices will Outperform Pre-Sandy Expectations in December by between 0.5%-to-1.5% at National Level:
Degree of improvement determined primarily by number of units that are damaged and removed from operation as a result of storm.
Mid-Size Car and Mid-Size Van Depreciations Top at 3.9% and 3.7% Respectively:
Trucks were more on par with market average in October, and large pickups fell highest at 2.8%.
Luxury Car Depreciation at 2.3% while Luxury Truck Fall of 1.9%:
October marked 3rd month in row where luxury outperformed market at large.
