Thursday, 8 May 2014

Leading Analyst Says Used Car Market to Decline in 2015 to 2017 ...

Leading Analyst Says Used <b>Car</b> Market to Decline in 2015 to 2017 <b>...</b>

Leading Analyst Says Used <b>Car</b> Market to Decline in 2015 to 2017 <b>...</b>

Posted: 07 May 2014 04:16 PM PDT

Leading Analyst Says Used Car Market to Decline in 2015 to 2017 | Auto

Leading Analyst Says Used Car Market to Decline in 2015 to 2017

Speed Read:

Begin­ning in 2015, Used Car Prices are expected to decline

RVI Group pre­dicts UC prices to drop by 5 % by 2017 from cur­rent levels

What are the trends that will impact Dealer plan­ning in next year?

  • RVI projects stronger sales vol­ume & more favor­able eco­nomic con­di­tion in next 5 years
  • Sup­ply of used cars in the mar­ket expected to increase steadily through 2019
  • UC prices will decline in next 3 years overall
  • New vehi­cle prices are expected to expe­ri­ence mod­est declines in next 5 years
  • Pric­ing of vehi­cles will be an issue due to increased com­pe­ti­tion within auto market
  • Greater sup­ply of used vehi­cles & weaker new car prices will lead to pro­jected decrease in UC prices.

Source: RVI Group Release, April 30

http://www.rvigroup.com/about/profile.shtml

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