Auction Prices Continue Post-Tax-Season Drop

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McLEAN, Va. –
Wholesale prices are expected to continue dropping from tax-season highs.
In its AuctionNet price analysis sent Thursday, NADA Used Car Guide is predicting that this week's auction prices will end up dropping by an average of 0.3 percent, or $50.
While the compact car and midsize van segments are expected to “hold steady” over the course of the week, all other segments are expect to see slight declines, according to NADA UCG automotive analyst David Paris.
Leading the pack will be the midsize car segment, as prices are expected to slip by 0.6 percent ($75).
Large SUVs and compact utilities are also expected to drop, with 0.5-percent decreases each, following by luxury cars with a slightly smaller 0.4-percent drop.
The luxury and midsize utility segments are predicted to see a slight 0.2 percent loss.
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Lastly, the large pickups, which have held strong price retention throughout the first quarter, are expected to see a price decline of 0.1 percent this week.
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 | |
NADA Segment | $11,625 | $11,600 | $11,600 | 0.0% | $0 |
$16,300 | $16,225 | $16,150 | -0.5% | ($75) | |
NADA Segment | $17,150 | $17,050 | $17,000 | -0.3% | ($50) |
$23,775 | $23,725 | $23,750 | 0.1% | $25 | |
NADA Segment | $30,425 | $30,375 | $30,225 | -0.5% | ($150) |
$23,900 | $23,800 | $23,700 | -0.4% | ($100) | |
NADA Segment | $27,675 | $27,625 | $27,575 | -0.2% | ($50) |
$13,600 | $13,575 | $13,500 | -0.6% | ($75) | |
NADA Segment | $20,775 | $20,775 | $20,725 | -0.2% | ($50) |
$17,025 | $16,975 | $16,975 | 0.0% | $0 |