Market conditions continue to chip away at high used-car values
According to Jonathan Smoke, "The faster depreciation pace reflects the growing volume of used-vehicles in the marketplace."
DETROIT – Overall used-vehicle values are high, hoisted by truck prices strong enough to pull weakened used cars along for the ride.
It’s a trend most analysts who measure how the growing onslaught of off-lease cars and trucks impact used-vehicle prices expect to continue, at least for the rest of 2017.
But they also expect laws of supply and demand and rising new-vehicle inventories and incentives to continue to put downward pressure on used-vehicle prices.