FI showroom red and grey logo
MenuMENU
SearchSEARCH

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.

September 20, 2019
Report: Used-Vehicle Prices Up 2% From 2018

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

2 min to read


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.

Ad Loading...

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.

Ad Loading...

More Auto Finance

A fan of $100 bills sitting on a white envelope
Auto Financeby Hannah MitchellAugust 12, 2026

July Was Hot for Auto Borrowers

Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.

Read More →
stacks of coins, a calculator, paperwork, and a pair of glasses in the background, text Lender Experience Drives Dealer Decisions, F&I and Showroom
Auto Financeby Lauren LawrenceAugust 12, 2026

Dealer Lender Preferences Revealed

When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.

Read More →
man sitting at desk using a calculator
Auto Financeby Lauren LawrenceAugust 10, 2026

Auto Refi Savings Surge

Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.

Read More →
Ad Loading...
Tiny toy car in front of small stacks of coins
Auto Financeby Hannah MitchellAugust 5, 2026

Subaru Enters Lending Business

The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.

Read More →
Man climbing ladder in front of mountain landscape.
Auto Financeby Lauren LawrenceAugust 3, 2026

Positive Equity Reaches Record High

Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.

Read More →
Photo of document next to calculator and inkpen
Auto FinanceJuly 20, 2026

Dealerships Are Paying the Price for Extended Car Loans

Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.

Read More →
Ad Loading...
silver car in background with hand in front holding out a set of keys, Trade-In Trouble, F&I and Showroom
Auto Financeby Lauren LawrenceJuly 20, 2026

Trade-Ins in Negative Equity Reach New Heights

As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.

Read More →
Two men in suit jackets shaking hands in front of a new-looking white vehicle
Auto Financeby Hannah MitchellJuly 15, 2026

Auto Credit Plentiful

June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.

Read More →
Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Ad Loading...
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →