Off-Rental and Off-Lease Hit Harder than Overall Market

Tom Kon­tos
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.

Check out the lat­est edi­tion of Kon­tos Kom­men­tary

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.

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