Used Car Prices Strong Through July

By Staff Writer August 20, 2019

 

Analysts at J.D. Power Valuation Services note the used vehicle market continued to perform strong through July, with used vehicle prices up 2.1 percent year over year.

The J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increased by 0.6 percent – relative to June – to 122.7.

The report also showed wholesale prices were down an average of 0.8 percent during July, and new vehicle sales dropped 1.6 percent, with an SAAR of 16.9 million. Incentive spending was up nearly 6 percent during the month.

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Last modified on Monday, 26 August 2019 12:23