Executive Vice President & Chief Economist
ADESA Analytical Services
Average wholesale used vehicle prices fell modestly in February compared to January, but remain up on a year-over-year basis, primarily due to a “richer mix” that includes a higher proportion and quantity of off-rental program/factory units. Wholesale used vehicle prices in February averaged $10,176 – down 0.3% compared to January but up 3.4% over February 2014, according ADESA Analytical Services’ Wholesale Used Vehicle Prices by Vehicle Model Class. Fullsize Pickups continued to show pricing strength, while crossovers saw year-over-year declines.
Prices for Used Vehicles Remarketed by Manufacturers Up 4.4% from January:
But used vehicles remarketed by automakers were down 8.8% year-over-year.
Prices for Fleet/Lease Consignors Down 1.0% Sequentially but up 0.7% Annually:
Dealer consignors saw 1% decrease from January, but 3.5% increase relative to February 2014.
Retail Used Vehicle Sales for February are Unavailable from CNW Research:
Certified Pre-Owned sales were again strong, rising 10.3% year-over-year.