Full-Size Truck Trade-In Prices Likely to Remain Stout for Rest of 2013
Of the eight segments included in the data set from AutoTrader.com’s Trade-In Marketplace, the only one expected to see growth in its TIM instant-cash offer amount from August to September is the full-size truck class, according to data provided to Auto Remarketing.
And that won’t be the last of its increases, either.
“The full-size truck segment remains in strong demand and is expected to appreciate,” said Juan Flores, the director of operations for the Trade-In Marketplace.
“The OEMs did a good job of retailing excess inventory earlier in the year, which eliminated market softness for used trucks,” he continued. “In our opinion, this segment will remain strong throughout the remainder of the year.”
The August-to-September change for the full-size truck’s instant-cash offer on TIM is expected to be an increase of $750.
Of the seven remaining segments, luxury SUVs (down $700) are projected to see the biggest dip, followed by the midsize car and entry luxury segments (down $600 each).
With more lease returns and rental units within the midsize car segment continuing to make their way into the used market, you can expect to see modest softening in values for this vehicle class, said Flores.
“These factors, including OEM's continued pursuit of maintaining or increasing new-vehicle market share via incentives program, will continue to contribute to this segment's year-over-year decline,” he said.
Next up, midsize SUVs are forecasted to fall $500, with compacts cars at a $400 decline.
On the less steep end of the spectrum, AutoTrader is forecasting compact crossovers and midsize crossovers will both see a $250 decrease in their TIM instant-cash offer.
“Compact crossovers will continue to see moderate to non-existent depreciation,” Flores explained. “This segment remains in high demand as it continues to offer functional utility and competitive fuel efficiency.
“In addition, the most recent introduction of redesigns keeps this segment top-of-mind for consumers.”