Report: Used-Vehicle Prices Up 2% From 2018
J.D. Power’s latest index finds average prices for used vehicles were up 2% year-over-year in August. Analysts say the segment will continue to drive profits for dealers for the foreseeable future.

In August, wholesale prices declined by 0.4% on a month-over-month basis while used-vehicle prices increased by 0.7%.
Photo courtesy J.D. Power
MCLEAN, Va. — J.D. Power Valuation Services’ September 2019 Used Car and Light Truck Guidelines report finds the pre-owned market continues to perform well for auto dealers, registering a 2% increase in average prices from January to August compared with the same period a year ago.
The research and data firm’s Seasonally Adjusted Used Vehicle Price Index registered at 123.6, a 0.7% increase from July.

J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index ticked up 0.7% to 123.6 in August.
“At an industry level, used vehicle prices are expected to remain relatively strong moving forward,” said David Paris, executive analyst at J.D. Power Valuation Services. “From where prices are currently through the remainder of the year, we are expecting a mild decline, which, barring any serious weather impact or economic changes, should hold true.
“Used supply will be mixed — positive for cars, negative for SUVs and trucks. The impact of other factors, including gas prices, home prices, and labor conditions are is expected to be neutral-to-supportive of used prices,” Paris added.
A combination of segment mix and higher prices drove the average new-vehicle transaction to just over $33,000, a 4.5% increase.
The report also charts a 0.4% month-over-month decline in wholesale prices. On the new-vehicle side, per-unit factory incentives increased to $4,154 per unit, a 7.1% year-over-year increase, and incentive spending as a percent of MSRP grew to 10.5%. But a combination of segment mix and higher prices drove the average new-vehicle transaction to just over $33,000, a 4.5% increase over August 2018.
To review the report in its entirety, click here.
More Auto Finance

Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →
AutoPayPlus Launches RePayPlus
The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.
Read More →