Tom Kontos
Executive Vice President & Chief Economist
ADESA Analytical Services
Wholesale prices may have reversed course and increased in August, but Kontos still sees them declining later; Prices increased both sequentially and annually in August – driven by strong retail sales and decline in new vehicle incentives; Growing wholesale volumes could very well keep downward pressure on prices, plus increase availability and selection of UVs for dealers.
Check out the latest edition of Kontos Kommentary
ADESA Analytical Services Saw Wholesale Prices Average $9,654 in August:
Used prices up 2.3% compared to July 2013 and 1.4% over August 2012.
Fleet/Lease Consignors Had Most Consistent Strong Month for a Wholesale Segment – Up 1.3% Over July and 3.9% Over August 2012:
Manufacturers down 1.4% from July but up 7.1% year-over-year; dealer consignors were up 0.4% from July and down 0.4% from August 2012.
Retail Used Vehicle Sales Were Up 4.7% Y-O-Y in Volume During August:
Certified pre-owned vehicles were up 25% over August 2012.
