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NADA AuctionNet: Q1 Used-Vehicle Prices Decline, Volume Increases

April 24, 2008

The average prices of used vehicles sold at auctions declined in the first quarter of 2008 from the fourth quarter of last year, reflecting a tightening economy and shift in demand by dealers and consumers, according to AuctionNet data released by NADA Used Car Guide.

Prices in all used-vehicle segments were down or flat in the first quarter, contrary to the typical pattern of increasing prices at auctions in the January-through-March period, when dealers stock their lots for the spring buying season.

Source: AuctionNet Data

** Adjusted for Mileage and Model Mix

Consistent with past trends, the overall sales volume of used vehicles sold at auctions rose in the first quarter this year – up 15 to 25 percent across all segments.

 

 

 

 

 

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