![]() NADA also forecasts luxury car prices to drop at the higher end of the predicted range, while prices for pickups are expected to slip the least during the month. Prices are expected to be softest for many of the segments that experienced the biggest price increases in March - mid-size cars, SUVs and minivans, and to a lesser extent, compact cars and compact SUVs, NADA predicts. NADA's forecast for April points to prices falling 1.8% to 2.2% compared to March by month's end, which is higher than both the 1.7% drop recorded in April last year and the 1.2% decline averaged for the month of April over the last 10 years. Luxury utility prices grew by an average of 1.3% and luxury cars recorded a 1.2% lift, which is normal for the month of March over the last five years. Following years of price appreciation, first quarter results indicate little waning in demand for the large pickup segment, Banks added. The large pickup truck segment was one of the few mainstream groups to have a sales increase last month, up 5.8%. ![]() This tool, which can be found by clicking Appraise My Car at the top of our site will show you the current Trade-In, Private Party, and Dealer Retail Values. The number of auction transactions for compact cars, mid-size cars and mid-size vans fell by respective averages of 4.5%, 4.9% and 9.7% correspondingly, prices for the three segments improved by an average of 4.4%. To determine what a fair price would be for a used car for sale, either at a dealership or by a private seller, check our Appraisal tool for its True Market Value. This ensures that the value is accurate and takes. This algorithm takes into account a wide range of factors, including the car’s make, model, age, mileage, condition and location. We use a third party algorithm to determine the value of a used car. Upward price movement was greatest for the segments experiencing the biggest declines in auction volume. There are many reasons why Nada used car values are reliable and accurate way to determine. Find your perfect car with Edmunds expert reviews, car comparisons, and pricing tools. The index measures the change in used vehicle prices up to eight-years-old. Save up to 84,467 on one of 1,914,152 used cars for sale near you. "These unique factors pushed NADA's seasonally adjusted used vehicle price index to 127.0, a new all-time high," Banks said. ![]() Late-model volume continued to fall while dealer activity was heating up, adding further buoyancy to prices, he added. "Harsh weather in January and February compelled dealers to bid aggressively and play inventory catch-up in preparation for the traditional spring bounce in consumer demand," said Jonathan Banks, executive automotive analyst of NADA Used Car Guide. (April 9, 2014) - Wholesale prices for used cars and light trucks up to eight years in age increased by 3.7% in March, well above February's 2.2% increase, according to the National Automobile Dealers Association (NADA) Used Car Guide in the April edition of Guidelines, a monthly report on new and used vehicle sales trends and price movement. WHOLESALE AUCTION PRICES INCREASED BY HIGHEST RATE IN THREE YEARS.
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