MCLEAN, Va.--(BUSINESS WIRE)--In the December 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that the used vehicle market is still in a state of decline.
Highlights from the free monthly report point out:
Wholesale prices decline in November
- Prices down by an average of 3.3%
Used vehicle price index declines
- UVPI reaches 118.8
Wholesale volume growth slows
- Volume up 3.9% CYTD
“Typical for the time of year, used vehicle prices softened in November,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “The period marked the fourth consecutive month of declines; however, used prices remain strong from a historical perspective and were 1.1% greater than the same 11-month period in 2018.”
The Used Car and Light Truck Guidelines Plus Industry Update offers additional insight, data and forecasts monthly including year-to-date segment price performance, historic wholesale price performance, wholesale price retention, wholesale segment volume and used supply forecast along with the standard monthly used vehicle price index and month-over-month segment price performance. The monthly Guidelines Plus report is offered for an annual $299 subscription.
J.D. Power Valuation Services (formerly NADA Used Car Guide) is a leading provider of vehicle valuation products and services to businesses. The team collects and analyzes more than 1 million automotive and truck wholesale and retail transactions per month, and delivers a range of guidebooks, auction data, analysis and data solutions.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power has offices serving North America, South America, Asia Pacific and Europe.
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