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Used-car price index reached all-time high in November: NADA

January 3, 2014
After falling by 3.5 percent in October, the rate of used-vehicle depreciation slowed substantially to 1.5 percent in November, pushing the NADA seasonally adjusted used-vehicle price index to its highest point, 125.6. 
The index, which measures the change in prices for used vehicles up to 8 years old, is up 1.8 points from October’s figure of 123.8, surpassing the previous high of 125 set in December 2012. 
"November’s decline in the rate of depreciation can be credited to favorable market conditions, lower unemployment, moderating gas prices and advantageous credit conditions, including the end of the federal government shutdown in October," said Jonathan Banks, executive automotive analyst of the NADA Used Car Guide, in the December edition of Guidelines, a monthly report on new and used vehicle sales trends and price movement.
 
 

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