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.
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.