The Nissan Altima was the No. 1 choice for used car shoppers at CarMax for the second year in a row, with the Chevrolet Malibu coming in at No. 2.
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Only full-size vans, Mini SUVs, and full-size SUVs had month-over-month increases in average prices.
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More signs are on the horizon that the summer slowdown is taking shape. All car segments saw a decreasing change in values this past week, and comments straight from the lanes showed dealer inventories are at levels that make for a more discriminating buyer at auction.
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An increasing number of car segments are displaying greater week-over-week depreciation, while trucks continue to show solid strength in the market, with seven truck segments either unchanged or positive change on the week.
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Signs of a tiring spring tax season are occurring and this past week witnessed the largest drop-off for this spring for car and truck segments.
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NextGear Capital has added Kelley Blue Book Values to its myNextGear web and mobile applications, allowing customers to receive current market-reflective values at no added cost for new and used vehicles.
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Overall, the volume-weighted car values were flat from last week, according to Black Book. The volume-weighted truck values increased by +0.31 percent from the past week.
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Backed by strong consumer demand, the used-car market enjoyed a solid start to 2015 as wholesale used vehicle prices in the first quarter rose 1.3 percent from a year ago and 1.6 percent compared to the fourth quarter of 2014.
Read More →Wholesale used-vehicle prices in February averaged $10,176 – down 0.3 percent compared to January but up 3.4 percent relative to February 2014.
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Average used-vehicle prices for model-years 2009-2013 depreciated by an average of -1.2 percent during February, the same level as the previous month, with Compact SUVs leading the month with the strongest retention at +0.9 percent, and the only segment with positive change.
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