In the October 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continued with the trend from June making the Seasonally Adjusted Used Vehicle Price Index decreased by 0.4 points – relative to August – to 121.6.
Whether this is a trend that will save consumers money, or just a blip is debatable and contingent on the U.S. economy and the stated – but not yet implemented – Federal Reserve desire to raise interest rates.
“Recently, we’ve emphasized the firmness in used prices, which really began in the middle half of 2017,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “While prices were down in September, the general trend of mainstream cars outperforming both their mainstream SUV and luxury counterparts continued during the period.”
- Wholesale Prices Slip in September down by an average of 1.4%
- Used Vehicle Price Index Stalls. Index declines 0.4 points to 121.6
- New Vehicle Sales Decline 2.2%, new vehicle SAAR reaches 17.36 million
- New Incentive Spending Slows. They decline for the first time since April 2015
J.D. Power Valuation Services (formerly NADA Used Car Guide) is a provider of vehicle valuation products and services to businesses. It collects and analyzes more than 1,000,000 automotive and truck wholesale and retail transactions per month.