Executive Vice President, Customer Strategies & Analytics
ADESA Analytical Services
Wholesale prices are experiencing stability now after a three month decline, being virtually flat with August. It’s an indication of overall market stability. September was good for both retail new and used, since sales and prices were strong and drove demand in auction lanes and online.
Wholesale Prices Up 0.3% from August and Down 2.1% Relative to September 2011:
Year-over-year average price drops during Summer months were in 4% range, almost double September’s drop.
Segments with Significantly Higher Prices in September Versus August:
Fullsize Cars, Fullsize Vans and Fullsize SUVs, and luxury cars and luxury SUVs also showed notable price growth.
Manufacturer UV Prices Fell 6.6% Month-Over Month:
Indicating downward price pressure on manufacturers’ vehicles as more off-rental vehicles began entering market after Labor Day.