Wholesale used-vehicle prices in January averaged $10,220 – up 3.6 percent compared to December and up 2.4 percent relative to January 2014.
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Wholesale used vehicle values increased in the fourth quarter by nearly 2 percent to finish the year slightly higher than last year as consumer demand for used car and trucks remained strong.
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Wholesale used-vehicle prices in October averaged $9,678 - up 1.3 percent compared to September and up 0.9 percent year-over-year.
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Shaun Petersen, regulatory counsel for the National Independent Automobile Dealers Association (NIADA), told a committee of the New York City Council that the City's proposed ban on the sale of used cars with unrepaired recalls needs a little repair work itself.
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Wholesale used-vehicle prices in September averaged $9,557 -- down 0.4 percent compared to August.
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Used vehicles sold at auctions logged their highest depreciation this year in September, as 2009-2013 car and truck models fell 1.7 percent in value.
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Wholesale used-vehicle values declined by just over 2 percent in the third quarter, as the market showed signs of returning to more normal levels after historically high prices earlier in the year.
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AutoTrader.com data shows certified pre-owned (CPO) vehicle inventory has risen 6 percent since March and released a list of the best deals on CPO and used vehicles.
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Wholesale used-vehicle prices in August averaged $9,592 -- down 1.6 percent compared to July, and down 0.4 percent relative to August 2013.
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Second quarter average transaction prices for franchise used vehicles hit $16,781 -- the highest price on Edmunds.com record. Additionally, in the second quarter, CPO made up 20.4 percent of the franchise used market.
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