Tom Kontos
Executive Vice President, Customer Strategies & Analytics
ADESA Analytical Services
Wholesale prices were up more than 3% over November – evidence of some residual effects of Superstorm Sandy; December does tend to seasonally be a stronger month than November as consignors tend to hold cars during the month in anticipation of January; those who did sell in December were rewarded with higher prices and capitalizing on time value of money.
Click here to read Kontos Kommentary for the December market
Wholesale Used Vehicle Prices by Vehicle Model Class at $9,849:
Up 3.1% over November and down a modest 0.2% from December 2011.
Prices for UVs Remarketed by Manufacturers Rose by 3.2% Over November:
Up 6.9% year-over-year, indicating continued good absorption of off-rental program vehicles.
For 2012 Vs. 2011 Prices Up 4.9% for Manufacturers, but Down 0.4% for Fleet/Lease Consignors, and 1.7% for Dealers:
Explainable in part by more significant lack of late-model used vehicles sold by manufacturers vs. more abundant supply of older models typically sold by fleet/lease companies and dealers.