Alec Gutierrez
Senior Analyst
Kelley Blue Book
Auction values continued to rise through February 2014, just $27 shy of last year’s February average. Values are expected to continue their seasonal upswing through April, while remaining just below 2013 levels. Kelley Blue Book expects 2014 values to remain slightly below that of 2013 throughout the remainder of the year.
Here’s the latest Blue Book Market Report – Used Car Edition
Gasoline Price Has Been About $3.33 – 36 Cents Lower than Last Year:
Benefits truck segments and can decrease demand in hybrid or fuel-efficient vehicle segments.
Full-size Pickups Were Higher than Last Year But Down from January:
Decline may be due to typical seasonal patterns, and slower construction may lengthen period of lower values.
Mid-size Vehicles Up 1.18% Year-to-Date but 1.15% Lower than 2013:
Best performers in segment during February 2014 were Volkswagen Passat, Subaru Legacy, and Hyundai Sonata – up 5.3%, 2.8%, and 2.6% respectively.
