Galves Reflects on Sept. 2009 Market Conditions
TETERBORO, NJ – The full-size SUV and pickup trade-in markets were particularly strong in September.
TETERBORO, NJ – The full-size SUV and pickup trade-in markets were particularly strong in September, according to a Galves market report. “There is no question their relative strength is partly a response to the severe beatings they took last winter, but they continue to be in high demand and relatively short supply,” said Dan Galves, vice president of Galves, an auto price list company. “It’s not unusual for trucks to be up 50 percent or more since January in spite of the fact that they are nine months older and priced with about 9,000 more miles.”
Galves continues to state that 89 percent of all vehicles listed in its Light Duty Trucks Edition have higher values now than in January.
January 2009 | September 2009 | Increase | |
2005 Ford Excursion XLT 4WD | 9,750 | 16,150 | +66% |
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