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Used Vehicle Prices Increase for the 1st Time in 6 Months

| April 19, 2019

Used Vehicle Price Index Increases 1.1 Points

In the April 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after six consecutive months of declines, the used vehicle market bounced back in March. As a result, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increased by 1.1 points – relative to February – to 117.5.  March’s positive result comes after weaker than usual January and February 2019 performances.

  • Wholesale Prices Increase in March
    • Prices up by an average of 2.7%
  • Used Vehicle Price Index Grows
    • Index reaches 117.5
  • New Vehicle Sales Struggle
    • New sales down 2.2%, SAAR reaches 17.48M
  • Incentive Spending Declines
    • Incentive spending per unit fell 5.2% to $3,799

“In terms of full-year 2019 expectations, the used market is expected to slow in 2019,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “As a result, prices are forecast to fall by around 2%. Increasing levels of used supply along with more volatile credit conditions and increasing gas prices, which are expected to apply downward pressure on the used car market.”

Category: Featured, General Update, News

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