- Kontos Kommentary and NADA Used Car Guide had numbers and analysis similar to other market reports released lately – prices are down but overall conditions are stabilizing, all things considered.
- ADESA Analytical Services’ Tom Kontos said year-over-year wholesale price softening continued in May as they did February through April.
- Difference this time was that prices fell on a month-over-month basis, indicating Spring/Tax season is winding down or over.
- NADA Used Car Guide’s Jonathan Banks said May prices for units up to eight years old fell 2.1%.
- While it was largest drop since October 2012’s 2.9%, month’s loss was relatively mild from seasonal standpoint.
- Certified pre-owned vehicles saw very strong sales volume month – up 6.1% month-over-month, and 19.2% year-over-year, according to ADESA Analytical Services report.
- Losses of 3.3% for compact and 3.0% for mid-size cars – significantly outpaced overall market decline for 2nd consecutive month, according to NADA Used Car Guide.