MCLEAN, Va., Dec. 14, 2015 /PRNewswire-USNewswire/ — According to NADA Used Car Guide analysis, the month of November saw used vehicle prices firm up from October levels. Findings in their latest Guidelines report note wholesale prices of vehicles up to eight years in age depreciated slowly during the month, falling by 1.9 percent versus October’s 2.7 percent decline. Conversely, the automotive industry’s leading provider of vehicle valuation products saw the used vehicle price index climb 1 percent during the same period, to 123.8.
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.”[“source-prnewswire”]