Investor Presentaiton
4Q 2023 Preliminary Results
Used Vehicle Value Outlook
.
Used vehicle values expected to decline through first half of 2024
Ally Used Vehicle Value Index is ↓26% vs. the Dec. '21 peak, with an additional ~5% ↓ assumed in 2024
Expect decline in the first half of 2024, followed by stabilization in 2H 2024 and beyond
Expect used vehicle values to stabilize in 2025 following three years of declines (2022- 2024)
Lower production in 2020-2022 will lead to constrained used supply over the next several years and is expected to provide structural
support for used vehicle values over the medium-term
Ally Used Vehicle Value Index (AUVI)
Used Industry Volume Inflow
3-year-old vehicles, adjusted for seasonality, mix, mileage, and MSRP inflation
End of Period
(# in millions of units)
26%
from peak
Used supply
16%
172
110
101
139
127
120
12.3
11.6
10.4
10.3
10.4
10.7
10.8
9.0
2019
2020
2021
2022
2023
2024
2019 2020 2021 2022
Source: Manheim, Cox Automotive
2023
2024 2025 2026
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