Looking toward the end of December, wholesale prices for vehicles up to 8 years old are expected to decline about 1%. Looking at the end of 2017 as a whole, used prices are expected to decline roughly 5.6%.
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The new-vehicle retail sales forecast for October is pointing toward a strong month in year that has under performed compared to the year before it, according to a forecast developed by J.D. Power and LMC Automotive.
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J.D. Power will begin offering its monthly Used Vehicle Price Index that tracks current and estimated future movement of wholesale used vehicle prices at the industry and segment level, the consultant and data provider announced.
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June was an average month in terms of wholesale prices, according to J.D. Power Valuation Services. It reported this week that wholesale prices of used vehicle up to eight years in age fell 2.2%, which in line with the 2.2% average losses recorded over the past five years.
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Five segment-winning Kia vehicles include the Soul (Compact Multi-Purpose Vehicle), Forte (Compact Car), Cadenza (Large Car), Niro (Small SUV), and Sorento (Midsize SUV).
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Auction sales volume of 8-year-old models totaled 366,212 units in May, a decline of 3% compared to the previous month and a nearly 2% increase from the same time last year, according to J.D. Power’s Used Car and Light Truck Guidelines June Industry Update.
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April retail sales are expected to reach 1.17 million thanks to record incentive spending. However, average days to turn continues to rise, with nearly 30% of vehicles sold so far in 2017 having sat on dealer lots more than 90 days.
Read More →CarRecord will soon offer vehicle history reports in the U.S. market, the company has announced. Once it’s available in the U.S., it will provide customers with NADA Values from J.D. power Valuation Services.
Read More →J.D. Power has named Doug Betts as senior vice president of global automotive operations, according to a company announcement.
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J.D. Power has released a benchmarking product that was designed as an informational resource for vehicle manufacturers, captive finance companies and lenders that it's calling J.D. Power Residual Values.
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