According to NADA Used Car Guide, wholesale prices on used vehicles are getting crushed. Let’s take a look at the details.
Used Car Prices Since 1995
Used Car Prices by Type of Vehicle
In a reversal of what typically occurs in February, wholesale prices of used vehicles up to eight years old fell substantially last month, dropping 1.6% compared to January. The drop was counter to the 1% increase expected for the month and marked just the second time in the past 20 years prices fell in February (last years’ scant 0.2% being the other instance).
Excerpts of article from Mishtalk.com