2 Sedan Categories Leading Used Price Declines; Values Up Modestly Overall

In reviewing wholesale price movements from last month, RVI Group pointed out that full-size sedans and luxury full-size sedans, respectively, had the greatest sequential price easing during March, while the industry’s overall movement was an uptick of 0.1 percent.
Specifically, the RVI Used Car Price Index came in at 1.462 for March. Overall wholesale values (seasonally adjusted) for two- to five-year-old vehicles were up 0.1 percent month-over-month and climbed 0.6 percent year-over-year, according to the RVI Market Update for April that was released Monday.
Full-size sedans had the greatest month-over-month price decrease, falling 2.1 percent, RVI indicated. Luxury full-size sedans (down 1.9 percent) were next, followed by luxury coupes (down 1.3 percent) and luxury midsize sedans (down 1.1 percent).
Other segments whose values fell from February were sporty coupes (down 0.9 percent), full-size pickups (down 0.7 percent) and small SUVs (down 0.1 percent).
On the opposite end of the spectrum, smaller segments like subcompacts (up 1.1 percent from February) and compacts (up 0.7 percent) joined other vehicle categories besting the market in March. Sports cars were up 2.0 percent, the biggest sequential increase of any segment.
Small pickups were up 1.5 percent, luxury SUVs climbed 1.3 percent and full-size SUV prices gained 1.0 percent. Values in six other segments climbed between 0.1 percent and 0.7 percent, while full-size vans saw no price change from February.
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