Though pre-owned prices have decreased slightly from 2012 rates, data from Edmunds.com indicates that “used prices remain elevated over past norms.”

Rising 1.9 percent from first-quarter levels, the average retail price for used vehicles sold at franchised dealerships was $16,134, the company said in its latest Used Market Quarterly Report.

And though this represents a small rise from the beginning of this year, prices in Q2 were down 1.2 percent year-over-year.

Contributing to the rise from Q1 levels was the fact that none of the segments Edmunds tracks saw a quarter-over-quarter price decline.

The van segment made the largest Q1-to-Q2 price gain, increasing 10.1 percent to rest at an average of $14,393.

Next up was the premium sport car segment, which saw a 5.9-percent price increase from Q1, coming in at $45,256.

Edmunds also tracked which segments saw the biggest price drops from Q2 2012.

Seeing the biggest price dips from 2012 rates were the entry luxury car ($19,101), midsize traditional SUV ($13,842) and subcompact car ($11,410) segments, which were down 6.9 percent, 3.5 percent and 3.8 percent year-over-year, respectively.

Overall, according to Edmunds, prices moved downward for most segments in Q2, “while your large trucks, vans and some SUVs made some relative gains in price”

What can we expect from the rest of 2013?

The site reported that the industry can expect a “typical” seasonal used price pattern this year: “increase in spring, stabilize through early summer months, then decrease thereafter.”

Edmunds.com also shared that the midsize car segment may drop more than the average in the coming months, due to increasing levels of available inventory.

For this segment, “values could drop significantly because of the off-lease volume that is still coming in as well as possible increased incentives from the OEMs,” the company said.

“Midsize segment constitutes the most significant volume of lease returns which will contribute to the segment having the highest market share.”
 

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