Spring Market Continues to be Unpredictable, Galves Says

Dan Galves Editor Galves Auto Price List So far, 2013 illustrates the guesswork, stab-in-the-dark mode that’s become the norm in “spring market” forecasting; not long ago, a very solid, stable, and predictable market began mid-to-late January and continued through May; it would be easy to focus on a few of the extreme prices being paid […]

Used car sales were approaching 2.3M units in late January, up 4% from January 2012. Independent dealers had the highest percentage gain, followed closely by franchised; private party was down and should reverse course soon, said Art Spinella in January’s Retail Automotive Summary.

The Ford F-Series has been the number one selling used vehicle for at least 13 years in a row, and the Chevy Silverado was bumped from No. 2 by…

Used vehicle prices remained stagnant at both the retail and wholesale levels, and for franchised dealers, transaction prices were down…

The growing supply of trucks and passenger cars is part of the price problem, and in January days’ supply it was about…

Click here to read more of Art Spinella's take on what happened in January's market and where it's all headed...

NADA Used Vehicle Price Index – 2011 vs. 2012

For all of 2012, used vehicle prices for vehicles up to 8 years in age grew by 1.2% compared to prior year
2012 marked 4th year in row of used price growth and placed prices on average 32% higher than they were in 2008
Data comes from NADA’s mileage and age adjusted used price index