Below please find highlights from the June 2012 NADA Official Used Car Guide Update:
–Wholesale Prices Fall by 1.7% in June
- Compact car prices dive by 3.7%; large SUV prices slip by only 0.4%.
–Used Price Outlook Downgraded
- July Official Used Car Guide values cut by 2.7%; full year forecast drops slightly.
–New Vehicle Sales SAAR Improves to 14.1M in June
- Incentive spending up 6% to $2,548; days’ supply up 6 days to 59.
–Older Model Price Growth
- Prices through June for units 6-to-7 years old 12% higher than last year.
ATD/NADA Official Commercial Truck Guide Update:
–Sleeper pricing remains at historically-high plateau
–Medium duty markets not showing much strength or weakness
–Sales volume per dealership notably lower than last month
Click here to read the full June 2012 NADA Official Used Car Guide Update