Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
Late-model auction volume was down 1.6% year-over-year in April, according to J.D. Power’s May Used Car and Light Truck Guidelines.
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%.
The continued weakness in the sedan segment compounded with declining fleet sales led to a year-over-year decline in new-car sales during June, according to the NADA.
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.
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.
Today, the NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and new Volvo XC90.
Wholesale prices for vehicles up to eight years in age fell 3.6% in October, which is typically one of the softest months of the year in terms of used-vehicle prices, according to the NADA Used Car Guide. However, the decline was slightly more this October than the previous three-year average decline of 3.3% for the period.
A summer lull in used auction volume ended this past September, according to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report.
May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
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