McLEAN, Va. -

For just the third time this year, analysts at J.D. Power Valuation Services spotted a downward move of its monthly index.

J.D. Power’s Used Vehicle Price Index dipped by 2.2% in October. The softening placed the index 1.8% below September of last year.

When looking at volume, analysts shared in the November Used Car and Light Truck Guidelines Industry Update that wholesale October volume on average came in 5.2% greater than during the same period in 2018.

J.D. Power noted the volume of mainstream vehicles has grown by 4.9%, while premium volume has increased by 6.9%.

“At an industry level, used-vehicle prices are expected to finish out 2019 slightly up relative to 2018 — prices peaked in August, and we expect they’ll continue to decline for the remaining months,” said David Paris, executive analyst at J.D. Power Valuation Services.

“Incentives, used-vehicle supply and credit conditions are expected to apply downward pressure on used-vehicle prices, but the impact of other factors like gas and home prices, and labor conditions may support used-vehicle prices in the near term,” Paris continued in a news release.