EVP of Customer Strategies & Analytics
ADESA Analytical Services
Average wholesale used vehicle prices in April remained near peak levels achieved in past two years; Used vehicle prices have probably seen their cyclical and seasonal peak and, absent events like last year’s tsunami, have more downside potential than upside.
Even if Downside, Watch for Effect of Tight Supplies:
Likely to keep used vehicle prices from falling dramatically rest of year and well into 2013.
April Wholesale Used Vehicle Prices Averaged $10,577:
Down 0.5% compared to March and flat relative to April 2011.
Compact Cars, Minivans, and Smaller SUVs Tended to Yield Strong Prices:
Perhaps reflecting ongoing selectivity among dealers in favor of more fuel efficient cars and trucks for used car lots.