Used-car market weathers the storm
Influx of crossovers, SUVs could provide sustained relief
Analysts say the industry has absorbed the growing glut of returning off-lease vehicles well, even as used-vehicle prices soften.
Whether the industry is able to sustain that through the rest of the year remains to be seen.
The three top indicators of used-vehicle pricing and residual values — the Manheim Used Vehicle Value Index, the Black Book Wholesale Used Vehicle Retention Index and J.D. Power’s Used Vehicle Price Index — showed signs of stability in the second quarter.
The J.D. Power index was flat month over month at 111.1 points in June. While that is 7.6 percent lower than a year earlier, it follows a monthly rise in May — the first time the index measured an increase in a year.