The Spring Market is Just About Upon Us! January 15 2014
Now that the holidays are behind us, it's time to start thinking Spring! We hope to see lots of familiar faces back in our lanes over the next several weeks.
NADA reports the following from their January 2014 Guidelines..."Historically, used vehicle prices change little between December and January as dealer acquisition activity begins to heat up in preparation for a spring surge in demand stimulated by the receipt of tax rebate checks. After staying more or less flat in January, prices commonly increase anywhere from 2% and 3% through March or April before declining over the remainder of the year. For 2014, NADA expects used vehicle prices in January will be flat to down just slightly from December’s levels before rising by 2.5% to 3% through March. By comparison, prices increased by a smaller 1.9% over the same period last year as demand was tempered by higher payroll taxes that went into effect at the start of 2013"