Richer Mix of Off-Rental Units Helps Keep Price Stability in February

Tom Kon­tos
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.

Kon­tos Kom­men­tary on Feb­ru­ary mar­ket trends

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.



    Leave a Reply

    Your email address will not be published. Required field are marked *.