MCLEAN, Va.–(BUSINESS WIRE)–In the January 2020 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market closed with an uptick in 2019.
Highlights from the free monthly report point out:
Wholesale prices down only slightly in December
- Prices fall by an average of 0.7%
Used vehicle price index increases
- UVPI reaches 120.6
Wholesale volume growth slows
- Volume ends the year up 3.9% in 2019
“The used market closed out 2019 on a strong note, with an increase of 1.2%, which was the first material increase in four months,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “As a result, used prices ended the year 1% greater than in 2018. Looking forward, strong mainstream segment prices are expected to boost the used market through 2020.”
The Used Car and Light Truck Guidelines Plus Industry Update offers additional insight, data and forecasts monthly including year-to-date segment price performance, historic wholesale price performance, wholesale price retention, wholesale segment volume and used supply forecast along with the standard monthly used vehicle price index and month-over-month segment price performance. The monthly Guidelines Plus report is offered for an annual $299 subscription.
J.D. Power Valuation Services (formerly NADA Used Car Guide) is a leading provider of vehicle valuation products and services to businesses. The team collects and analyzes more than 1 million automotive and truck wholesale and retail transactions per month and delivers a range of guidebooks, auction data, analysis and data solutions.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power has offices serving North America, South America, Asia Pacific and Europe.
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