MCLEAN, Va., Dec. 15, 2016 /PRNewswire/ -- Analysts from NADA Used Car Guide published a report which observes that this past month of November, wholesale depreciation continued to outpace depreciation in the retail sector. Additionally, auction volume was higher during the month, while retail volume remained similar to last year.
Major takeaways from the free monthly Guidelines report are as follows:
- Class 8 auction volume up moderately
- Depreciation now averaging 3% per month
- Class 8 retail conditions relatively stable
- Depreciation remains at about 2% per month
- Medium Duty performance mixed
- Lighter-GVW conventionals performing better than heavier
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 U.S. 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. NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
NADA Used Car Guide®, a division of J.D. Power
SOURCE NADA Used Car Guide