Executive VP & Chief Economist
ADESA Analytical Services
Wholesale used vehicle prices are continuing a balancing act where demand so far has been enough to offset the high volume from off-lease vehicles and trade-ins. The recent trend continued toward a richer mix of late-model vehicles that have biased prices upward; certified pre-owned vehicles have also increased demand-side support.
Wholesale Prices Averaged $9,862 – Up 1.8% Over October and 1.1% Over Year Ago:
Fullisize SUVs, luxury cars, and luxury SUVs had strong month-over-month gains.
Vehicles Remarketed by Manufacturers Up 4.1% M-O-M but Down 8.1% Y-O-Y:
Fleet/lease consignor prices up 0.3% sequentially but down 2.1% annually.
Off-Rental Risk Units Held Strong Considering High Volumes Being Remarketed:
Could be due to curtailment of sales for selected off-rental program vehicles until after the new year.