Money & The Economy

Used Vehicle Price Index Slips for Fifth Consecutive Month

The used vehicle market slowed once again in January, marking the fifth consecutive month of decline. As a result, the Seasonally Adjusted Used Vehicle Price Index declined by 2.7 points, relative to December, to 117.2.  Despite the index’s sharp decline, it currently sits 2.3% above January 2018’s level, according to analysts at J.D. Power Valuation Services.

Highlights from the free monthly report point out:

  • Wholesale Prices Decline in January
    • Prices down by an average of 2.5%
  • Used Vehicle Price Index Down
    • Index falls for 5th consecutive month to 117.2
  • New Vehicle Sales Slow
    • Sales fall 2.1%, SAAR reaches 16.6 M units
  • Incentive Spending Declines
    • Incentives decrease by 1.9% to $3,846 per unit

“We are expecting the used market to slow in 2019 with used prices forecasted to decline by 1 to 1.5%,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “There should be increases in used supply once again this year along with more volatile credit conditions and increasing gasoline prices with are expected to apply pressure on the used market.”

Content created by Conservative Daily News is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details.

Carl Fox

Carl Fox is the senior money and finance writer for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Share
Published by
Carl Fox
Tags: used cars

Recent Posts

Appeals Court Makes Critical Ruling In Letitia James’ Civil Fraud Case Against Trump

A New York appeals court tossed a nearly half-billion-dollar civil fraud penalty against President Donald…

7 hours ago

Joni Ernst Relays What Senate DOGE Caucus Has Been Up To In Post-Elon Musk Era

Republican Sen. Joni Ernst of Iowa touted billions of dollars in savings Thursday, exclusively telling…

8 hours ago

Supreme Court Lets Trump Admin Axe Millions In NIH Grants Involving DEI, Gender Ideology

The Supreme Court allowed the Trump administration to move forward Thursday with terminating hundreds of…

8 hours ago

Maduro Throws A Fit As US Warships Reportedly Set To Deploy Off Venezuelan Coast

Venezuelan dictator Nicolas Maduro issued multiple provocative statements as U.S. naval vessels reportedly sail towards…

8 hours ago

Kash Patel Says He’s Doing Two Things To Hold FBI Accountable For Targeting Trump

FBI Director Kash Patel said on Fox Business Wednesday that he’s taking direct action to…

8 hours ago

Trump Calls For Fed Board Member To Resign Over Mortgage Fraud Allegations

President Donald Trump on Wednesday called for Federal Reserve Board of Governors member Lisa Cook…

8 hours ago