According to September’s edition of Guidelines, NADA Used Car Guide’s monthly market update, used vehicle demand is still firm.
Light vehicle highlights include:
- Wholesale Depreciation Slows in August
- Market average slips by a better-than-expected 1.9%; gasoline surge has little influence on segment prices.
- New Vehicle Sales SAAR Highest in Four Years
- August’s 14.5M unit SAAR best non-stimulus result since April ’08;
- Incentive spending down 5.2% YoY to $2,478; days’ supply grows 3 days to 58.
- Used Vehicle Demand Still Firm
- Numerous indicators suggest that consumer demand for used vehicles continues to grow.
- Gasoline Prices Spike but Used Prices Stay the Course
- Increased frequency of gas surges may be reducing consumer sensitivity.
Commercial truck highlights include:
- Sleeper market unexpectedly up, although newest model years are depreciating
- Wholesale market strong, with tolerance for high mileage
- Sales volume below average but stable