Wholesale Prices See Third Straight Month of Decrease

Tom Kon­tos
Exec­u­tive Vice Pres­i­dent & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

Whole­sale used vehi­cle prices are con­sis­tent­ly feel­ing more down­ward pres­sure – drop­ping for the third straight month and falling below $10,000 for the first time this year. While deal­ers are doing very well in retail used vehi­cle sales (espe­cial­ly for CPO vehi­cles), sup­ply growth has been high enough to keep prices down. Whole­sale prices in July aver­aged $9,878 – down 3.3% com­pared to June, and up 1.4% rel­a­tive to July 2014.

Check out the lat­est edi­tion of Kon­tos Kom­men­tary

Pick­up Val­ues Ben­e­fit­ed from Low Fuel Prices and Went up 2.2%:
Lux­u­ry car prices took a big drop, down 9.6% month-over-month.

Prices for Used Vehi­cles Remar­ket­ed by OEMs Down 10.2% M-O-M:
And down 14.7% Y-O-Y, as off-rental prices tak­en down by abun­dant sup­ply.

Fran­chised Deal­ers Had 11.6% Y-O-Y Increase in Used Vehi­cles Sales:
Inde­pen­dent deal­ers had 15% sales unit increase for that same time peri­od.

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