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J.D. Power Launches Used-Car Price Index Service

J.D. Power has rolled out a Used Vehicle Price Index service that provides a monthly index monitoring current wholesale used-car prices and forecasting future movement. The analysis is done on both an industry and segment level. The company said it can forecast prices as far out as two years.

“Lenders, manufacturers, insurers, equity analysts and many others with an interest in the automotive industry depend on insights from J.D. Power to make better decisions affecting their bottom line,” said Mike Stanton, vice president of valuation services at J.D. Power. “By offering this highly sought-after service, customers will have a new analytical tool to improve profitability.”

J.D. Power’s new index will provide:

  • Insight into used-vehicle price performance and how movement could impact business performance
  • Index data underpinned by AuctionNet data, representing more than 80 percent of the nation’s auction transactions from Manheim, ADESA, ServNet, ABC and key independent auction houses
  • Historical index data since 1995 for models up to eight years in age
  • Forecast index data for the current year and two years ahead, providing insight into future opportunities and risks

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