{"id":3441,"date":"2012-06-29T16:12:16","date_gmt":"2012-06-29T16:12:16","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/nada-report-indicates-cost-of-used-luxury-cars-is-on-the-rise\/"},"modified":"2012-06-29T16:12:16","modified_gmt":"2012-06-29T16:12:16","slug":"nada-report-indicates-cost-of-used-luxury-cars-is-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/nada-report-indicates-cost-of-used-luxury-cars-is-on-the-rise\/","title":{"rendered":"NADA Report Indicates Cost of Used Luxury Cars Is On The Rise"},"content":{"rendered":"<p>The average cost of used vehicles has started to decline modestly, but luxury cars and SUVs are not seeing the same benefits of the improving economy as other styles. A recent report by the National Automobile Dealers Association (NADA) found the inventory of pre-owned luxury vehicle will be 13 percent lower in 2012 compared to last year. The decrease in supply will result in a 1.9 percent price increase across all luxury brands.<\/p>\n<p>&quot;The falling used supply will raise used-vehicle luxury prices again this year, but overall appreciation will be mild by recent standards,&quot; said NADA senior analyst Jonathan Banks. &quot;Used-vehicle prices have risen over the past couple years because of economic conditions that lowered supply and increased demand.&quot;<\/p>\n<p>Different brands will likely experience varied levels of price increases. NADA predicts the cost of used Audis will jump 3.3 percent, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Acura\" class=\"dnautolink\">Acura<\/a> will see a 4.8 percent rise in price, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Lincoln\" class=\"dnautolink\">Lincoln<\/a> will increase 2.6 percent and the average price of a <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Lexus\" class=\"dnautolink\">used Lexus<\/a> will be up 1.6 percent over 2011. <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Cadillac\" class=\"dnautolink\">Cadillac<\/a> and <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Mercedes-Benz\" class=\"dnautolink\">Mercedes-Benz<\/a> will have more modest increases for used vehicles of 0.5 and 0.7 percent, respectively. Conversely, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Volvo\" class=\"dnautolink\">Volvo<\/a> and <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=BMW\" class=\"dnautolink\">BMW<\/a> are expected to see declines in the average cost of used models of 3.1 and 0.2 percent.<\/p>\n<p>Drivers looking to get behind the wheel of a used luxury vehicle might want to consider checking out Volvo models to find the best deal. The Swedish automaker has a reputation for safety and reliability backed by high crash test ratings by the National Highway Traffic Administration and the Insurance Institute for Highway Safety for most of its lineup.<\/p>\n<p>Those shopping for used luxury models can head to <a href=\"http:\/\/www.njstateauto.com\" class=\"dnautolink\">NJ Auto Auction<\/a>. The dealer carries a wide variety of makes and models, and due to a partnership with the Credit Acceptance Corporation, everyone is approved for financing regardless of credit history.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average cost of used vehicles has started to decline modestly, but luxury cars and SUVs are not seeing the same benefits of the improving economy as other styles. A recent report by the National Automobile Dealers Association (NADA) found the inventory of pre-owned luxury vehicle will be 13 percent lower in 2012 compared to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NADA Report Indicates Cost of Used Luxury Cars Is On The Rise<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/nada-report-indicates-cost-of-used-luxury-cars-is-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NADA Report Indicates Cost of Used Luxury Cars Is On The Rise\" \/>\n<meta property=\"og:description\" content=\"The average cost of used vehicles has started to decline modestly, but luxury cars and SUVs are not seeing the same benefits of the improving economy as other styles. A recent report by the National Automobile Dealers Association (NADA) found the inventory of pre-owned luxury vehicle will be 13 percent lower in 2012 compared to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.njstateauto.com\/blog\/nada-report-indicates-cost-of-used-luxury-cars-is-on-the-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Used Car Blog - NJ State Auto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NJStateAuto\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-06-29T16:12:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2020\/06\/10141444\/NJStateAuto.com-url.png\" \/>\n\t<meta property=\"og:image:width\" content=\"517\" \/>\n\t<meta property=\"og:image:height\" content=\"61\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twinturboblogsadmin\" \/>\n<meta name=\"twitter:site\" content=\"@njstateauto\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#organization\",\"name\":\"NJ State Auto Used Cars\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/NJStateAuto\/\",\"https:\/\/www.instagram.com\/jerseycitycars\/\",\"https:\/\/www.youtube.com\/njstateauto\",\"https:\/\/www.pinterest.com\/njstateauto\/\",\"https:\/\/twitter.com\/njstateauto\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"contentUrl\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"width\":240,\"height\":240,\"caption\":\"NJ State Auto Used Cars\"},\"image\":{\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#website\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"name\":\"Used Car Blog - 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