Kelley Blue Book Used Car Market Report – September 2013

Article Highlights

1. Auction values for 1- to 3-year-old models at the end of Q3 2013 remain at a 3-year high at an average of $17,085, or $280 above the 2012 average.
2. Since the start of the year, auction values have declined an average of $731 or 4.3 percent. In 2012, average auction values declined by $974 or 5.8 percent by the end of Q3 2012.
3. Kelley Blue Book expects values to continue on their downward trajectory throughout the remainder of the year, while continuing to best previous year auction values.