NADA Used Car Guide: Wholesale Prices Continue to Gain Ground
McLEAN, Va. — Through the first week of March, one segment, in particular, has led the widespread wholesale price gains from February, according to NADA Used Car Guide.
Looking at the AuctionNet prices of one- to five-year-old vehicles, gaining the most ground has been the van segment, officials noted.
Specifically, AuctionNet prices of vans were up more than 3.5 percent compared to the month-ago level.
Meanwhile, CUV prices improved around 3 percent and pickup prices climbed slightly less than 3 percent. SUVs were up almost 2.5 percent, while the increase in car prices was right at 2.5 percent.
As far as the month-over-month-data from February, pickups led the way, as their prices were up close to 3 percent. Vans were next as they moved ahead more than 2.5 percent from January, followed by cars prices, which were up over 2 percent.
SUV prices improved roughly 1.5 percent and CUVs jumped about 1 percent.
For year-over-year comparisons, SUVs showed the greatest price growth in February, as they moved ahead more than 20 percent, followed by vans. Their price gains was more than 20 percent but a bit behind the upswing for SUVs.
CUV prices inclined more than 15 percent, as did pickup prices, which followed close behind.
Car prices improved a little more than 10 percent.
Continuing on, NADA Used Car Guide also offered its Weekly Historical Volatility Measure. Based on the reading in the first week of March, the large pickup segment — which had an HVM of 14.1 percent — was the most volatile, followed by compact CUVs (12.5 percent) and midsize CUVs (11.4 percent).
Intermediate compacts were next at 10 percent.
The set average was 9.7 percent.
On the opposite end of the spectrum, the least volatile segment was luxury large SUVs, which had an HVM of 6.1 percent. The second-lowest was the premium luxury large segment (7.2 percent).
Also below the set average were large SUVs (9.3 percent), the intermediate large segment (8.8 percent), midsize vans (8.3 percent), the luxury large segment (7.7 percent) and the intermediate midsize segment (7.4 percent).