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Used Vehicle Wholesale Auction Prices Take Bigger Drop Than Expected

Dip in prices is more than double the monthly November average

NADA Used Car Guide(R) and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power and Associates. (PRNewsFoto/NADA Used Car Guide) (PRNewsFoto/NADA Used Car Guide)

News provided by

NADA Used Car Guide

Dec 15, 2016, 03:34 ET

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MCLEAN, Va., Dec. 15, 2016 /PRNewswire/ -- The latest monthly Guidelines report from NADA Used Car Guide finds that wholesale prices of vehicles up to eight years in age fell by 3.3 percent on a monthly basis in November. In addition to taking a bigger drop than expected for the month, the decline is also more than double the 1.4 percent average recorded during November the past three years. The month-end result was the market's third worst performance in 2016. As a result, NADA Used Car Guide's seasonally adjusted used vehicle price index fell by 0.3 percent to 116.3.

Major analysis takeaways from the NADA Used Car Guide Guidelines report include:

  • Wholesale Depreciation Fell Slightly in November
    • Prices declined by an average of 3.3%
  • Used Vehicle Price Index Declined
    • Index slipped by 0.3% to 116.3
  • New Vehicle Deliveries Increased
    • Sales grew by 3.7%, new vehicle SAAR reached 17.75M
  • Incentive Spending Jumped by Double-Digits
    • Average spending per unit increased 21.2%

Download your free copy of the latest Guidelines report.

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.

Media Inquiries
Ryan Morris
Public Relations
NADA Used Car Guide®, a division of J.D. Power
1-703-821-7165
[email protected]

SOURCE NADA Used Car Guide

Related Links

http://www.nada.com

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