Car prices in the lanes have experienced long-awaited declines this spring, making it easier for dealers to secure inventory as pre-owned supply continues to increase. But many dealers and buyers remain cautious, as prices have fluctuated over the past few years.

That said, NADA’s Jonathan Banks provided some good news for dealers this week, noting that used-car prices are expected to show little change this summer, and values are expected to fall within a range of 1.5 to 2 percent in July.

Banks, executive automotive analyst for NADA UCG, explained in the latest post on his Used Car and Truck Blog why used prices are expected to remain relatively stable this season.

“It’s expected that increasingly favorable credit conditions, relatively stable gasoline prices, rising consumer confidence and a recovering housing market will largely counterbalance the downward pressure associated with an increase in late-model used-vehicle supply,” said Banks.

And which segments, in particular, will prove good bargains for dealers this summer?

Banks shared that compact and midsize car price dips should be among the steepest this summer, followed by the depreciation levels for compact, midsize and luxury utility vehicles.

On the other hand, the pickup segments have retained their value better this spring, due in part to increasing construction and housing development.

This trend should continue, as Banks predicts pickup price losses are expected to remain minimal this summer.

That’s what you can expect for the rest of the summer, predictions very similar to the environment in the lanes this month.

Depreciation for used units up to eight model years in age has slowed to just 1.1 percent over the first half of June, Banks reported.

“NADA expects that losses for June as a whole will remain comparatively mild and that the month will close with depreciation similar to the 1.3 percent average drop recorded in June’s edition of the Official Used Car Guide,” Banks concluded.

Continue the conversation with Auto Remarketing on both LinkedIn and Twitter.