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The June 2021 “monthly” values will be published and made available on our regular monthly cadence on May 20, 2021.
Due to a number of continuing factors, the used vehicle market is currently exhibiting unprecedented upward price movement. On the supply side, new vehicle manufacturing is constrained, and dealer inventories and wholesale transaction volumes are tightening. On the demand side, the market is seeing a considerable increase in demand for vehicles due to an influx of government stimulus money coupled with the normal spring uplift driven by tax refunds. When taken together, these factors are driving used vehicle prices upward at an extraordinary rate.
As such, due to the rapid rate of change we are witnessing in the current market, we have made the decision to distribute an updated set of Monthly Used Car Guide values for May 2021, based our most recent Weekly Used Car Guide values. This updated value set is more in line with current and forecast price averages and should be used in place of our previously published May 2021 values.
We are anticipating posting these on the May 5, 2021 . The June 2021 “monthly” values will be published and made available on our regular monthly cadence on May 20, 2021.
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