Since Toyota Motor Sales U.S.A. Inc. suspended sales of its recalled vehicles, auction volumes of those vehicles are way down, and their prices have held up.
But that will change, analysts say. Guidebooks that track residual values have been trimming prices for the recalled vehicles. And when those vehicles begin to flow through the auctions again, the backed-up volumes could drive prices down, some analysts say.
For now, dealers are competing for the few vehicles that are available, driving up prices, says Jonathan Banks, senior director of NADA Used Car Guide.
"Right now, there are so few going through auctions, and dealers are still waiting on parts. They need to make money somehow. They have to be selling something," Banks says. "That's making a short-term positive impact on prices."