J.D. Power: Used Vehicle Wholesale Prices Drop 0.6%
Thursday, February 22nd, 2018
In their February 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 0.6 percent in January. The slight dip was driven by the premium vehicle segment, which is typical for the time of year.
Highlights from the free monthly report also point out:
The used vehicle price index was down
Index slipped 0.5 percent to 114.2
New vehicle deliveries rose
Sales increased in January by 1.1 percent; new vehicle SAAR reached 17.07M
Incentive spending increased
Incentives grew for the 34th straight month
David Paris, executive analyst at J.D. Power Valuation Services said, "The slight dip in used vehicle prices can be attributed to the premium segment. In particular, Luxury Mid-Size Car prices fell by an average of 3.1 percent."
Paris went on to say, "As a result of the month's performance, our index slipped 0.5 percent to 114.2."