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Used Vehicle Market Down Slightly

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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.

 

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