Executive Vice President & Chief Economist
ADESA Analytical Services
Wholesale used vehicle prices declined for fifth straight month in September. Year-over-year, prices saw a modest increase that may have masked the actual market conditions. There was a higher percentage of institutional sales of late-model vehicles compared to last year. Stronger used retail sales cushioned some of the blow to wholesale prices.
Wholesale Used Vehicle Prices by Model Class Averaged $9,557:
That was 0.4% down from August, but up 0.8% over September 2013.
Average Prices For Minivans Were Up Significantly in September:
Reflects increase in current and one-year-old models sold in factory sales.
Used Truck Prices Rose Significantly on M-O-M and Y-O-Y Basis:
Cars went in opposite direction with major monthly and annual price declines.