McLEAN, Va. -

After falling by 2.1 percent in May, NADA Used Car Guide determined depreciation for used units up to eight model years in age slowed to just 1.1 percent in June, a figure in line with its forecast of 1.3 percent.

In the July edition of Guidelines, analysts pointed out that June’s modest decline was substantially less than what has historically been recorded for the month.

As a result, NADA UCG’s seasonally adjusted used vehicle price index jumped to 123.4 from May’s figure of 121.9.

“Across segments, losses for the month were predominantly better than what was observed in May,” NADA Used Car Guide's Jonathan Banks said in the report. . “This was particularly true for compact and midsize cars where depreciation eased from a combined rate of 3.2 percent in May to 1.9 percent in June.

“That being said, the two car segments again led all other vehicle types in depreciation by a wide margin,” he continued.

NADA UCG noted that prices for the majority of remaining segments — compact and midsize utilities, midsize vans, and luxury cars and utilities — fell within a tight range of 0.6 percent to 1.2 percent.

With movement ranging between 0.02 percent higher or lower, NADA UCG noticed prices for large SUVs and pickups remained essentially unchanged last month.

Looking at year-to-date price information from AuctionNet through the first six months of the year, the market average dipped slightly, ticking lower by just 0.1 percent as five segments moved lower with four other rising. The breakdown came in as follows:

—Compact cars: down 0.7 percent
—Compact utilities: down 1.5 percent
—Large pickups: up 7.8 percent
—Large SUVs: up 7.7 percent
—Luxury cars: down 1.8 percent
—Luxury utilities: down 1.8 percent
—Midsize cars: down 1.2 percent
—Midsize utilities: up 1.4 percent
—Midsize vans: up 2.3 percent

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