Prices Soften, but Retail Demand Cushions the Blow

Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services Wholesale prices continued to soften in July, but less so than in June. July prices averaged $9,435, which was down 1.3% from June and same percentage down from July 2012. Retail demand cushioned the blow to prices that otherwise would have occurred given continuing […]

Used Prices Soft, but Volume Makes Up for it

Art Spinella President CNW Research August will be a solid month for used-car sales, rising at least 3% vs. year ago, based on first half of month. An influx of trade-ins and quick turnaround on lot should easily top 1.5M sales for Franchised dealers in August, bringing yearly total to nearly 10.6M. Independents will be […]

Kontos Kommentary – July 2013

Retail Automotive Summary – August 2013

Manheim Used Vehicle Value Index – July 2013

Wholesale prices rose in July, 2nd straight monthly increase, even in face of higher supplies
Manheim Used Vehicle Value Index now stands at 120.9, decline of only 0.2% from its year-ago level
General consensus is that wholesale values will moderate in latter part of the year