Incentives Put a Cap on Used Car Prices and Loan Recovery Values
Month Incentives Mannheim Used Vehicle Value Index
1/00 $1,544 115.3
2/00 $1,581 115.8
3/00 $1,667 116.9
4/00 $1,638 116.1
5/00 $1,741 116.2
6/00 $1,775 116.8
7/00 $1,723 116.3
8/00 $1,631 115.6
9/00 $1,543 115.6
10/00 $1,326 115.7
11/00 $1,341 116.1
12/00 $1,385 116.7
1/01 $1,217 116.9
2/01 $1,346 117.4
3/01 $1,431 116.9
4/01 $1,443 116.1
5/01 $1,543 115.8
6/01 $1,537 114.7
7/01 $1,590 113.8
8/01 $1,540 114
9/01 $1,595 112.1
10/01 $2,003 110.4
11/01 $1,735 111.2
12/01 $1,560 112.9
1/02 $1,539 114.6
2/02 $1,673 115.1
3/02 $1,685 114.6
4/02 $1,701 115
5/02 $1,691 114.2
6/02 $1,932 112
7/02 $2,250 110.4
8/02 $1,980 108.4
9/02 $1,775 108
10/02 $1,868 106.7
11/02 $1,927 106.6
12/02 $2,355 106.7
1/03 $2,025 105.5
2/03 $2,225 104.1
3/03 $2,207 102.5
4/03 $2,508 102.4
5/03 $2,724 102.5
6/03 $2,867 104.3
7/03 $3,029 105.1
8/03 $3,004 105.5
9/03 $2,917 105.9
10/03 $2,715 107
11/03 $2,685 106.8
12/03 $2,803 105.3
1/04 $2,750 104.7
2/04 $2,906 104.8
3/04 $3,029 106.6
4/04 $2,994 107.6
5/04 $3,046 107.9
6/04 $2,979 107.1
7/04 $3,090 106.5
8/04 $3,121 106.2
Source: Autodata, JP Morgan, Mannheim Used Vehicle Value Index based on 2001 J.D. Power and Associates Vehicle segmentation.