Fact #536: September 15, 2008
Average Used Car Prices Up and Used Light Truck Prices Down
The average wholesale price for all used light trucks dropped a total of 16.4% with full sized pickups dropping nearly 30%. The average wholesale price for used cars grew by 2.1% over the previous June. Sporty and upscale cars were the only car segments that experienced declines.
Vehicle Classification | Percent Change May 2007 - May 2008 |
---|---|
Cars | |
Small and Midrange | 5.8 |
Sporty | -8.6 |
Traditional | 0.7 |
Upscale | -8.6 |
Total Cars | 2.1 |
Light Trucks | |
Small Pickups | -10.6 |
Full-sized Pickups | -27.3 |
Minivans | -12.1 |
Full-sized Vans | -10.9 |
Lower Midrange SUVs | -17.7 |
Large SUVs | -23.2 |
Other SUVs* | -12 |
Total Light Trucks | -16.4 |
Notes: Vehicle classification are based on Automotive News Market Classifications. |
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