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Kontos Kommentary - June 30, 2011

Significance of the Data
Aver­age whole­sale prices fell in June for 2nd month in row
$340 less than their peak in April, and $375 less than their all-time peak in April 2010
Some of this price mod­er­a­tion is sea­son­al, and tight sup­plies plus steady demand should keep used vehi­cle prices from drop­ping dra­mat­i­cal­ly