KBB: Auction Values Decrease in Q1

April 26, 2016
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Overall, auction values for used 1- to 3-year-old vehicles declined 1.3%, or roughly $235, in the first quarter of 2016.

One of the most notable differences seen this year is the lack of an upward swing in values during the first few months of the year. Typically, the used-car market sees an uptick in values in the 2-4% range.

However, in 2016, Kelley Blue Book reports a slight 1% decrease. An abundance of volume in auction lanes across the country continues to be a key force putting downward pressure on auction prices.

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