Executive VP & Chief Economist
ADESA Analytical Services
Wholesale prices were quite strong in April – up 0.3% over March and 3.7% over April 2013. That came from scarcity of supply and high demand for late-model, CPO-eligible used vehicles; demand was particularly strong for off-rental program and risk units. Off-lease volume will continue to go up, which should correct the late-model supply-demand imbalance and bring prices into moderation.
Used Vehicle Prices Averaged $10,468 in the Wholesale Used Vehicle Prices by Vehicle Model Class:
Midsize and mini SUVs experienced the strongest month-over-month (MOM) and year-over-year (YOY) increases.
Used Vehicles Remarketed by Manufacturers Up 0.8% MOM and 8.1% YOY:
Diminished quantities of factory units have made prices strong in recent months.
Sales of Certified Pre-Owned Vehicles Were Down 6.5% from March:
March had reached an all-time high, and April was up 9.5% from year ago.