Prices Softening Even With Trucks Seeing 10.5% Increase

Tom Kon­tos
Exec­u­tive VP & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

Truck prices car­ried the mar­ket high­er than it might have been with damp­en­ing demand and gen­er­al­ly soft­er used vehi­cle prices. Year over year, truck prices increased 10.5%, while car prices fell 6.3% and crossover prices fell 1.6%. With gaso­line prices con­tin­u­ing to drop, it’s not a sur­prise that pick­ups did so well. Pick­ups and SUVs have been more scarce in sup­ply, but deal­ers are report­ing over­all ade­quate used vehi­cle inven­to­ries. Addi­tion­al whole­sale sup­ply is being off­set by soft­en­ing demand and prices fair­ly flat – up 0.6% over Jan­u­ary 2015.

Here’s the lat­est edi­tion of Kon­tos Kom­men­tary

Every Car and Crossover Seg­ment Saw Y-O-Y Aver­age Price Declines:
While every truck seg­ment except mini­vans saw year-over-year price increas­es.

Prices for Used Vehi­cles Remar­ket­ed by Man­u­fac­tur­ers Down 1.6% M-O-M but Up 6.6% Y-O-Y:
Con­verse­ly, fleet/leases con­sign­ers were up 4.9% sequen­tial­ly but down 0.8% annu­al­ly.

Fran­chised Deal­ers Had 9.9% Y-O-Y Increase in Retail Used Vehi­cle Sales:
Inde­pen­dents were up 10.5% but both fran­chised and inde­pen­dents down 30% from Decem­ber.

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