Executive Vice President
ADESA Analytical Services
Wholesale prices last month were up month-over-month and year-over-year. January prices averaged $10,220 – up 3.6% compared to December and up 2.4% relative to January 2014. Price variances by model class segment were driven mainly by higher off-rental program vehicle sales this January compared to December and January 2014. As these program vehicles are current-model-year or one-year-old models that sell for higher process than other auction sales types, not a lot should be read into these prices increases in some model class segments.
While Prices Were Strong in January Over December and January 2014:
Still need to look at underlying impact supply of off-rental and off-lease is having.
Midsize SUV and Fullsize Pickups Still Showed Price Strength:
Even after stripping off the impact of higher off-rental program vehicle sales.
CPO Sales and Other Strong Retail Demand Along with Moderate Incentives:
Have partially offset impacts for one- and three-year-old segments and used vehicle market as a whole.