Used Vehicle Market Down Slightly

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

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.