Executive VP & Chief Economist
ADESA Analytical Services
Truck prices continue to show the most uptick strength in the wholesale used vehicle market; however, wholesale values were solid overall in October in most model year and sale-type categories. Off-rental risk and off-lease vehicles were hit harder with price declines. Higher mileage vehicles hurt off-rental risk, and growing supplies of off-lease units softened those prices. Retail used vehicle sales were down a little bit, but still strong; CPO sales continued their stability.
Wholesale Prices Up 1.1% Over September and 0.6% Over October 2014:
Trucks pushed up prices, but car prices rose more sequentially than trucks.
Used Vehicles Remarketed by Manufacturers Down 0.6% M-O-M but Up 5.2% Y-O-Y:
Off-rental program vehicles had a solid month, even with several no-sales.
Franchised Dealers Up 9.1% Y-O-Y in Used Vehicle Sales in September:
Independent dealers saw an 18.6% increase in Y-O-Y sales in that month.