Used Vehicle Market Down Slightly

Dec. 18, 2019
Analysts at J.D. Power Valuation Services note that the used vehicle market is still in a state of decline, which could impact total loss costs.

Dec. 18, 2019—Analysts at J.D. Power Valuation Services note that the used vehicle market is still in the midst of a downturn. The period marked the fourth consecutive month of decline.

The December 2019 Used Car and Light Truck Guidelines Industry Update states:

  • Wholesale prices decline in November
    • Prices were down by an average of 3.3 percent
  • Used vehicle price index declines
    • The UVPI reached 118.8
  • Wholesale volume growth slows
    • Volume was up 3.9 percent CYTD

According to the report, used prices remained strong from a historical perspective.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Coach Works implements the Spanesi Touch system

Coach Works Uses Spanesi Equipment to Ensure a Safe and Proper Repair for Customers