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 supply growth. Biggest hits to price were taken by the van categories and fullsize cars, SUVs and CUVs.
Here’s the latest edition of Kontos Kommentary
Fullsize Pickups, Smaller SUVs, and Crossovers Continue to Draw Higher Prices:
Used vehicles remarketed by manufacturers were up 3.0% month-over-month and 3.9% year-over-year.
Fleet/lease consignors Saw Prices Go Down 0.6% from June, but Up 3.2% YOY:
Dealer consignors saw 0.3% price decrease versus June 2013, and 2.1% downturn versus July 2012.
Sales of Certified Pre-owned (CPO) Vehicles Were Down Modestly:
At 1.5% month-over-month but up significantly at 21.0% year-over-year.
