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.