Thursday, 21 June 2018 22:15

Used Vehicle Price Index Remains Stable this Spring

MCLEAN, Va., June 21, 2018 -- In the June 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market turned a typical performance in May. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index remained flat, compared to April at 117.0. May's index increased 3.1 points year over year, and 2.5 points above where it sat in January.

Highlights from the free monthly report also point out:

Wholesale Prices Decline in May

Prices fall by an average of 1.7%

Used Vehicle Price Index Remains Unchanged

Index holds at 117.0

New Vehicle Sales Increase

Sales grow 4.8%, new vehicle SAAR reaches 16.81

Incentive Spending IncreasedIncentives grow for 38th straight month

"Despite wholesale prices declining in May, the 2018 used vehicle market outlook remains positive," said David Paris, Executive Analyst at J.D. Power Valuation Services. "Prices of vehicles up to eight years in age are expected to increase by 0.8% year over year."

Download the free June 2018 Used Car and Light Truck Guidelines Industry Update.

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.

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