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Report: Used Vehicle Market Poised for Record Sales in 2019

New car prices hit record highsCertified pre-owned (CPO) vehicle sales expected to rise as affordable alternatives Used vehicle sales in 2019 are poised to hit the highest level since the recession, according to a new report from Edmunds. In 2018, 40.2 million used vehicles were sold in the U.S.; in 2019, Edmunds analysts predict used vehicle sales could approach 41 ...

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Used Vehicle Price Index Slips for Fifth Consecutive Month

The used vehicle market slowed once again in January, marking the fifth consecutive month of decline. As a result, the Seasonally Adjusted Used Vehicle Price Index declined by 2.7 points, relative to December, to 117.2.  Despite the index’s sharp decline, it currently sits 2.3% above January 2018’s level, according to analysts at J.D. Power Valuation Services. Highlights from the free monthly ...

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Used Vehicle Price Index Slows for Second Consecutive Month

Car lot

In the November 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after decelerating in September, the used vehicle market slowed for the second consecutive month in October. As a result, the Seasonally Adjusted Used Vehicle Price Index decreased by 1 point, relative to September, to 120.6. Highlights from the free monthly report point out: Wholesale ...

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Used Vehicle Prices Hit Record High

Car lot

Shoppers seeking bargains on used vehicles might find them harder to come by when they head to the dealership this summer, according to the latest Used Car Report released by the experts at Edmunds.  In the first quarter of 2018, the average transaction price for a used vehicle was $19,657. This reflects a 2.2 percent increase in sales price from the ...

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UPDATE: Cash-4-Clunkers Impact

Remember this program? One of the first ideas from the Obama administration was to enable people to trade in their old cars for new fuel efficient, green cars thus bolstering the floundering auto industry. Free money to buy a new, car from the government? What could go wrong? A lot of us sitting on the sidelines, with real life experience, ...

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