Le Lézard
Classified in: Transportation, Business
Subject: ECO

Used Vehicle Wholesale Prices Drop 0.6 Percent


MCLEAN, Va., Feb. 21, 2018 /PRNewswire/ -- In their February 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 0.6 percent in January. The slight dip was driven by the premium vehicle segment, which is typical for the time of year.

J.D. Power corporate logo. (PRNewsFoto/J.D. Power)

Highlights from the free monthly report also point out:

David Paris, executive analyst at J.D. Power Valuation Services said, "The slight dip in used vehicle prices can be attributed to the premium segment. In particular, Luxury Mid-Size Car prices fell by an average of 3.1 percent."

Paris went on to say, "As a result of the month's performance, our index slipped 0.5 percent to 114.2."

Download the free February 2018 Used Car and Light Truck Guidelines Industry Update.

About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profit. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments firm headquartered in London, and is led by its four founders; Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.

J.D. Power recently acquired NADA Used Car Guide (now J.D. Power Valuation Services), which is a leading provider of vehicle valuation products and services to businesses. The team collects and analyzes more than 1 million automotive and truck wholesale and retail transactions per month, and delivers a range of guidebooks, auction data, analysis and data solutions.

Media Inquiries
J.D. Power Valuation Services
202-826-4029
[email protected]

 

SOURCE J.D. Power


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