Jonathan Banks, executive analyst for NADA Used Car Guide said, "It's normal for used vehicle depreciation to slow during the end of the year. That said, while the slow is normal for the month, it was steeper than last November's 1% slide."
Larry Dixon, senior analyst for NADA Used Car Guide added, "The decline was in line with losses we saw from 2011 to 2013. It was much better than the historical average for November."
In addition to insights provided about the used vehicle market, the December Guidelines report provides analysis of the new vehicle market. New vehicle sales rose for the third consecutive month as the seasonally adjusted annual rate (SAAR) climbed 1.7 percent, reaching 18.12-million units. Compared to Nov. 2014, manufacturer incentive spending grew again, with average spending per unit reaching $3,082 (6.6 percent).
The report also includes a special vehicle price analysis of how Volkswagen-branded models have sold since the Environmental Protection Agency's September notice of violation regarding emission standards. In the VW-focused section, analysts report pricing of affected VW Passat and Jetta diesel models ran 9- to 12-percentage points worse within their vehicle segments.
DOWNLOAD: Get your free copy of the Dec. 2015 Guidelines report.
About NADA Used Car Guide
Since 1933, NADA Used Car Guide® has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the U.S. and worldwide. Its editorial team collects and analyzes over 1 million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power and Associates.
Media Inquiries:
Ryan Morris, Sr. Manager, Public Relations
NADA Used Car Guide®, a division of J.D. Power and Associates
Contact: 1-202-826-4029 | [email protected]
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SOURCE NADA Used Car Guide
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