In the November 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after decelerating in September, the used vehicle market slowed for the second consecutive month in October. As a result, the Seasonally Adjusted Used Vehicle Price Index decreased by 1 point, relative to September, to 120.6.
Highlights from the free monthly report point out:
“Wholesale prices of used vehicles up to 8 years in age declined by an average of 3.1% in October, which was right in line with the period’s previous five-year average decline of 3%,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “As expected, there wasn’t any noticeable strengthening in wholesale prices for the October period due to hurricane replacement demand.”
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