Tom Kontos
Executive Vice President, Customer Strategies & Analytics
ADESA Analytical Services
Wholesale prices rose seasonally but fell annually in March, indicating softening overall pricing environment compared to last 3 Spring/tax seasons. Softening is to be expected as UV prices had risen to high levels relative to new vehicle prices, and as UV supplies, including those from trade-ins on higher new vehicle sales, have begun growing.
Click here for the March edition of Kontos Kommentary
Retail Sales of Used and Certified Pre-owned Vehicles Have Been Strong:
Providing demand support that prevented prices from softening further.
Wholesale Prices Averaged $10,028, According to ADESA Analytical Services:
Up 2.9% compared to February but down 5.6% relative to March 2012.
UV Prices Seemed to Emulate Patterns Seen in New Vehicle Sales Data:
Fullsize pickup trucks and small SUVs and crossovers had strong prices that perhaps mirrored solid demand for these vehicles at new car dealerships.