8 Segments Likely to Show Used Price Gain
Wholesale prices are projected to climb just under 1 percent this week, and four segments are expected to move up even more than that, according to AuctionNet data provided to Auto Remarketing by NADA Used Car Guide.
NADA is anticipating that AuctionNet wholesale prices this week will climb 0.9 percent (or $150) against the two-week average and settle at $17,300. And eight of the nine segments in its data set are expected to increase, as well.
Compact cars are predicted to climb 1.5 percent ($175), with compact utilities growing 1.2 percent ($200), midsize utility prices also increasing 1.2 percent ($250), and midsize car prices jumping 1.1 percent ($150), according to NADA.
Prices for large pickups (up $175) and large SUVs (up $225) should each climb by 0.7 percent
Luxury cars (up $125) are projected to increase 0.5 percent, as are luxury utility vehicles (up $150).
Midsize vans are projected to be the lone decliner, falling 0.3 percent ($50) in price.
Four- and two-week AuctionNet wholesale average prices are created by collecting all AuctionNet records for vehicles up to five years of age for a specified period of time. Prices are then adjusted for changes in mileage and mix.
Current week prices are based on NADA’s proprietary used-vehicle value model which includes assumptions for new-vehicle prices, used-vehicle supply, gasoline prices, and other economic factors.
NADA Segment | Average AuctionNet® Wholesale Price | 2-Week v. Current | |||
4-Week Average | 2-Week Average | Current Week | % Change | $ Change | |
Compact Car | $11,350 | $11,550 | $11,725 | 1.5% | $175 |
Compact Utility | $16,125 | $16,350 | $16,550 | 1.2% | $200 |
Industry | $16,900 | $17,150 | $17,300 | 0.9% | $150 |
Large Pickup | $23,325 | $23,475 | $23,650 | 0.7% | $175 |
Large SUV | $31,450 | $31,800 | $32,025 | 0.7% | $225 |
Luxury Car | $23,750 | $23,925 | $24,050 | 0.5% | $125 |
Luxury Utility | $27,150 | $27,325 | $27,475 | 0.5% | $150 |
Mid-Size Car | $13,425 | $13,575 | $13,725 | 1.1% | $150 |
Mid-Size Utility | $20,275 | $20,450 | $20,700 | 1.2% | $250 |
Mid-Size Van | $17,000 | $17,050 | $17,000 | -0.3% | ($50) |