September Used Market Results an Indication of Overall Stability

Kontos_Tom

Tom Kon­tos
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.

Click here to read Kon­tos Kom­men­tary for Sep­tem­ber 2012

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.

Tags: