Used Vehicle Market Down Slightly

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.