Executive Vice President & Chief Economist
ADESA Analytical Services
ADESA’s Wholesale Used Vehicle Prices by Vehicle Model Class saw prices in June average $9,516 – down 2.9% from May and 3.7% from June 2012. For the half-year market, prices are down 3.1% year-over-year. Consistent with Kontos’ forecast that prices will soften modestly through this year because of anticipated supply growth of about 5%. Softening market environment in June made its way across nearly all car, truck, and crossover segments.
Manufacturer UV Prices Were Up 5.7% Month-Over Month:
But were down 0.9% year-over-year and were based on limited volume.
Prices for Fleet/Lease Consignors Down 2.9% Monthly, but Up 1.8% Annually:
Dealer consignors saw 1.6% price decrease versus May 2013, and 5.2% downturn compared to June 2012.
CPO Vehicle Sales Were Down Modestly at 0.8% Month-Over-Month:
But up significantly at 14.4% year-over-year based on figures from Autodata