"Excluding last December's inflated showing from Hurricane Sandy, used prices in the second half of the year should essentially match what was observed in 2012," Banks said.Last year, both the new- and used automotive markets made several notable achievements. New-vehicle sales accelerated by more than 13% in 2012, which was 500,000 more than the year's initial consensus forecast and also the largest annual increase recorded since 1984.
NADA: 5 Factors That Will Keep Used Vehicle Trade-in Values High In 2013
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts