MCLEAN, Va., Oct. 15, 2015 /PRNewswire-USNewswire/ -- In the October Guidelines report, NADA Used Car Guide analysts concluded September wholesale prices of vehicles up to eight years old fell by 3.4 percent compared to August. From a historical perspective, September's loss was more severe than what's been recorded during the same period in previous years.
Jonathan Banks, executive analyst at NADA Used Car Guide, said, "Keeping with recent trends, car losses outpaced those of trucks…"
Banks went on to say, "... However, the margins of difference between the two segments narrowed considerably."
According to the free report, prices for the long-suffering subcompact car segment fell by a whopping 5.7 percent last month, which is among the biggest month-over-month drops ever recorded for the group.
The monthly report also includes a special update on Volkswagen and how their diesel emissions situation is affecting the used vehicle market. Insight into how the used vehicle market is performing, as well as what may result from the fallout is included.
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The full 2015 October Guidelines report can be downloaded for free on the NADA Used Car Guide® website at www.nada.com/b2b.
About NADA Used Car Guide
Since 1933, NADA Used Car Guide® has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. Its editorial team collects and analyzes over 1 million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more. NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power and Associates.
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NADA Used Car Guide®, a division of J.D. Power and Associates (202) 826-4029
SOURCE NADA Used Car Guide