Used Vehicle Market Down Slightly

Dec. 18, 2019

Analysts at J.D. Power Valuation Services note that the used vehicle market is still in a state of decline, which could impact total loss costs.

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.

Continue Reading

Lobsiger: How Entrepreneurs Can Understand Their P&L

The Amazonification of Collision Repair

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...