As Expected, Wholesale Prices Return to Softening Pattern

Tom Kon­tos
Exec­u­tive Vice Pres­i­dent & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

Whole­sale used vehi­cle prices returned to their soft­en­ing pat­tern in Decem­ber after a one-month hia­tus. The trend was seen through­out the year except for the begin­ning of 2013 from lin­ger­ing sup­ply short­ages fol­low­ing Super­storm Sandy; lat­er in the year, strong retail used vehi­cle demand played a part.

Here’s the com­plete edi­tion of Kon­tos Kom­men­tary for Decem­ber

For the Year, Whole­sale Prices Fell Near­ly 2% as Vol­ume Grew 5%:
Less­en­ing impact was retail used vehi­cle sales grow­ing over 3%.

Price Aver­age at $9,661 — Down 0.9% from Novem­ber and 1.3% from Year Ago:
UVs remar­ket­ing by man­u­fac­tur­ers had strongest seg­ment per­for­mance – up 3.4% from Novem­ber and 3.3% year-over-year.

2013 Retail Used Sales Reached 30M and Total (with Pri­vate Sales) at 42M:
Up 3.4% and 3.6% respec­tive­ly, and CPO sales passed 2M units – up 15.1% from 2012.

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