Prices Returning to Softening Trend Started Last Spring

Tom Kon­tos
Exec­u­tive Vice Pres­i­dent, Cus­tomer Strate­gies & Ana­lyt­ics
ADESA Ana­lyt­i­cal Ser­vices

Whole­sale used vehi­cle prices seem to be return­ing to a sim­i­lar soft­en­ing pat­tern that start­ed in the Spring; Super­storm Sandy may have caused a “blip” in late Octo­ber, although prices may have soft­ened even more around Thanks­giv­ing if it weren’t for strong retail demand in North­east fol­low­ing storm.

Click here to read Kon­tos Kom­men­tary for Novem­ber

New­er Used Units Hold­ing Up Quite Well, Espe­cial­ly Man­u­fac­tur­er Off-Rental:
Remar­keters well advised to try and sell units soon­er rather than lat­er, per­haps by year-end.

Novem­ber Whole­sale Aver­aged $9,554 – Down 2.2% from Octo­ber and 3.2% from Year Ago:
Full­size cars, vans and SUVs took biggest price hits dur­ing month.

Novem­ber Sales of Cer­ti­fied Used Vehi­cles Were Up 0.9% Month-Over-Month:
But up by 7.3% year-over-year based on data from Auto­da­ta.

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