Used Car Market Sees March Bounce Featured

By Staff Writer April 23, 2019 342

Analysts at J.D. Power Valuation Services note that after six consecutive months of declines, the used vehicle market bounced back in March. As a result, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increased by 1.1 points – relative to February – to 117.5.  March’s positive result comes after weaker than usual January and February performances.

J.D. Power Valuation Services projected the used market will slow and prices will fall.

Increasing levels of used supply, coupled with more volatile credit conditions and increasing gas prices, are expected to apply additional downward pressure on the used car market.

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Last modified on Tuesday, 23 April 2019 01:52