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
|Small and Midrange||5.8|
|Lower Midrange SUVs||-17.7|
|Total Light Trucks||-16.4|
Notes: Vehicle classification are based on Automotive News Market Classifications.