NADA UCG: Wholesale Prices Expected to Climb $100 This Week
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McLEAN, Va. –
Though gas prices continue their slow decline, fuel-efficient segment prices are expected to rise in the lanes this week.
NADA Used Car Guide predicts the compact car segment to see the biggest price increase, percentage-wise, with an expected hike of 0.9 percent (or $100).
Interestingly, per Energy Information Administration data released this week, the average price of regular grade gasoline (all formulations) fell from $3.71 to 3.70, continuing a downward trend see this month.
But as we usher in spring this week, many consumers may be turning their interest towards warm-weather vehicles and away from trucks and SUVs in the near future.
As a whole, NADA UCG expects industry wholesale price movement to experience a lift of 0.6 percent (or $100) this week.
“Across all segments, expected changes are nearly all positive with the exception of the large SUV segment which is expected to see a slight decline of 0.3 percent, or $75,” officials said.
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The midsize van segment is also expected to see a decline of 1.6 percent ($250).
And NADA UCG officials explained in this particular segment, late-model Chrysler products saw some declines this week “which are pulling down the averages in that segment.”
Four- and two-week AuctionNet wholesale average prices are created by collecting all AuctionNet records for vehicles up to five years of age for a specified period of time. Prices are then adjusted for changes in mileage and mix.
Current week prices are based on NADA's proprietary used-vehicle value model which includes assumptions for new-vehicle prices, used-vehicle supply, gasoline prices, and other economic factors.
| NADA Segment | Average AuctionNet® Wholesale Price | 2-Week v. Current | |||
| 4-Week Average | 2-Week Average | Current Week | % Change | $ Change | |
| Compact Car | $11,225 | $11,350 | $11,450 | 0.9% | $100 |
| Compact Utility | $15,425 | $15,475 | $15,475 | 0.0% | $0 |
| Industry Average | $16,425 | $16,500 | $16,600 | 0.6% | $100 |
| Large Pickup | $21,100 | $21,150 | $21,300 | 0.7% | $150 |
| Large SUV | $28,075 | $27,900 | $27,825 | -0.3% | ($75) |
| Luxury Car | $23,700 | $23,825 | $23,925 | 0.4% | $100 |
| Luxury Utility | $27,150 | $27,225 | $27,300 | 0.3% | $75 |
| Mid-Size Car | $13,350 | $13,425 | $13,500 | 0.6% | $75 |
| Mid-Size Utility | $19,500 | $19,500 | $19,575 | 0.4% | $75 |
| Mid-Size Van | $16,250 | $16,100 | $15,850 | -1.6% | ($250) |
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