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KBB Takes a Long-Range View on Where Used Vehicle Prices Heading
2013-06-03 00:02:51| AutomotiveDigest.com - Automotive Industry News
This year started strong, but with no strong gain in used vehicle prices in Q1, auction values began an early decline in April and since have declined below levels seen in 2012 and 2011. Kelley Blue Book expects depreciation to continue through the remainder of the year, with year-end values no more than 3% to 5% percent below 2012. Only a few segments are maintaining a positive value for the year mid-size pickup trucks are doing well from. Hybrids have taken the biggest fall nearly 9% from January; the drop in the first quarter can be attributed to. Auction values of 1-to 3-Year-old luxury vehicles fell nearly 1% in May; the segment performing better than overall market average, which fell. Click here to read the latest Blue Book Used-Car Market Report.The Article KBB Takes a Long-Range View on Where Used Vehicle Prices Heading appeared first on Automotive Digest.
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Category:Automotive