Categories : Auto Repair

 
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Used Vehicle Devaluation Rate Increased in June MCLEAN, Va., July 18, 2016/ PRNewswire/– Wholesale rates of cars approximately eight years in age fell by 2.4 percent in June compared to May. The dip satisfied the expectations of experts at NADA Used Automobile Guide and is noted in their newest Guidelines report. While month-to-month devaluation was the most taped in 2016, Jonathan Banks, executive analyst at NADA Used Car Guide stated, “This June’s performance was only somewhat even worse than the typical 2.2 percent decrease for the same period over the previous four years.” As a result, NADA Utilized Automobile Guide’s seasonally adjusted utilized car price index remained relatively flat. The report explains that June rates of used mainstream vehicles continued to fall at a rate near record highs: June wasn’t all doom and grief, nevertheless. After a soft begin to the year, mid-size and big pickup prices slipped by an integrated average of simply 0.6 percent. What Does the Future Hold?    NADA Utilized Automobile Guide projections costs of automobiles up to 8 years in age to fall by 2.5 to 3 percent compared with June. August and September devaluation is anticipated to fall in between 2.5 to 3.5 percent, with full year rate devaluation at about 5 percent on an index basis from 2015. About NADA Used Automobile Guide       Since 1933, NADA Used Automobile Guide® ® has made its credibility as the leading service provider of car values. NADA Utilized Automobile Guide® ® and its logo are registered trademarks of National Auto Dealers Association, used under permit by J.D. Power and Associates. Media Inquiries: Ryan Morris, Public Relations, NADA Utilized Automobile Guide®®, a division of J.D. Power and Associates|1-703-821-7165|ryan.morris@nada.com To see the initial variation on PR Newswire, see: http://www.prnewswire.com/news-releases/used-vehicle-depreciation-rate-increased-in-june-300300064.html …
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