Wholesale Depreciation Increases in October

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Finance & Insurance News | Pre-Owned Sales & Marketing Strategies

November 15, 2012

Wholesale Depreciation Increases in October

According to November’s edition of Guidelines, NADA Used Car Guide’s monthly market update, wholesale depreciation increased in October.

Click here to download a PDF of November’s edition of Guidelines

NADA Official Used Car Guide Update:

–Wholesale Depreciation Increases in October

Market average drops by 2.3%; NADA’s used price index to +1.1% for the year

–New Vehicle Sales SAAR Declines

September sales up 7%; SAAR falls from 14.9M to 14.2 M.

–Hurricane Sandy Assessment

Used prices expected to outperform pre-Sandy expectations by 0.5-to-1.5%.

ATD/NADA Official Commercial Truck Guide Update:

–Late-model sleepers depreciating at a greater rate

–Sales volume fluctuating but in line with last year on average

–Market forecast flat to mildly downwards into 1st Quarter 2013

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