Late-model volume takes April hit, but still up year-to-date
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
McLEAN, Va. –
Late-model auction sales volume in the first third of the year is still up 7 percent, but it slowed last month.
According to the Used-Car Light Truck Guidelines report from J.D. Power Valuation Services, there were 244,381 auction sales of late-model vehicles in April.
That’s down 7 percent month-over-month and off 1 percent year-over-year.
That said, there have been 955,447 late-model auction sales year-to-date through April, which is up 7 percent, J.D. Power said.
Leading that crowd is the midsize car segment. Its late-model volume is at 179,500 units year-to-date, an 8-percent increase.
Compact utilities (141,800), compact cars (131,600) and midsize utilities (103,400) are also above the 100,000-unit auction sales threshold for the year.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
The biggest increase through four months has been the luxury compact utility vehicle, whose late-model auction sales volume is up 51 percent at 12,600 units, according to J.D. Power.
Midsize pickups are also a high-riser in the late-model sector, with auction sales (8,800) up 43 percent through four months.
Luxury midsize cars (down 27 percent) have shown the highest decrease in year-to-date auction sales volume of late-model vehicles, followed by subcompact cars (12 percent), luxury compact cars (11 percent), large cars (10 percent) and compact cars (4 percent).
All other segments are up.
Late-model units are those 3 years or younger.
As far as auction sales volume of vehicles up to 8 years in age (for the month of April alone), that figure was relatively steady year-over-year at and down 8 percent month-over-month at 366,909 units, J.D. Power said.
