Severe Weather Was Felt, but Seasonal Patterns Were Nearly Normal

Tom Kon­tos
Exec­u­tive VP & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

All things con­sid­ered, Jan­u­ary whole­sale price pat­terns were pret­ty nor­mal. There was a sea­son­al uptick rel­a­tive to Decem­ber, though the over­all price soft­en­ing pat­tern con­tin­ued dur­ing Jan­u­ary. It was milder than year-ago lev­els. Off-lease vol­ume con­tin­ues to grow and put down­ward pres­sure on prices; severe weath­er pat­terns restrict­ed retail demand from off­set­ting the off-lease vol­ume impact.

See this month’s Kon­tos Kom­men­tary for more detailed analy­sis

Whole­sale Prices in Jan­u­ary Aver­age $9,983 – Up 3.4% from Decem­ber and Down 0.5% YOY:
SUVs, full-size pick­ups, and vans gained; most cars and crossovers had YOY declines.

Fleet/lease Con­signors Had Strongest Seg­ment Results in Jan­u­ary:
Up 3.8% sequen­tial­ly and 0.3% annu­al­ly, while man­u­fac­tur­ers and deal­er con­signors saw mixed gains and down­turns.

Retail Used Vehi­cle Sales Were Down 31.7% Month-Over-Month:
Severe weath­er hurt shop­ping, and CPO sales also felt the brunt of it.

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