NADA: February Wholesale Prices Saw Modest Gains, Unlike Previous Two Years

Jonathan Banks Executive Automotive Analyst NADA Used Car Guide As is typical for time of year, wholesale prices for units up to eight years old rose in February; but modest 0.8% improvement was well below 3% increase observed for month in previous two years. NADA’s used vehicle price index dropped 1.4% lower than January and […]

 

Normal Seasonal Patterns Continued in February, ADESA Says

Tom Kontos Executive Vice President, Customer Strategies & Analytics ADESA Analytical Services February wholesale prices were similar to January’s – more in line the general softening pattern that began in mid-2012 but were disrupted by Superstorm Sandy. ADESA Analytical Services’ Wholesale Used Vehicle Prices by Vehicle Model Class averaged $9,752 in February, down 2.8% from […]

Kontos Kommentary – Feb. 2013

Kontos Kommentary – Feb 2013

 

Kelley Blue Book Comments on Impact of Used Vehicle Supply

Used-car values were relatively flat in February, declining a scant 0.4%. Although most segments generally were flat or down slightly overall, fuel efficient subcompact and compact cars improved 1.1%, according to Kelly Blue Book.

Relief in the used vehicle supply at auctions should come from increased trade-ins from the growing new vehicle market, as well as…

Used vehicle supply is expected to continue to improve, and Kelley Blue Book anticipates values will remain relatively steady through…

KBB advises dealers looking to load up on inventory to proceed with caution, especially those expecting a repeat of strong wholesale gains from…

Click here to read the Blue Book Market Report for March with more information on new and used vehicle sales trends…