Wholesale Used Vehicle Prices Remain Soft

The whole­sale used-vehi­cle mar­ket remained soft in Feb­ru­ary, despite a slight improve­ment from the pre­vi­ous month, accord­ing to the lat­est mar­ket report from Tom Kon­tos, ADESA’s exec­u­tive vice pres­i­dent of cus­tomer strate­gies and ana­lyt­ics. Aver­age whole­sale prices dipped from last year, and auc­tion indus­try inven­to­ry lev­els con­tin­ue to be high, even though they decreased from Jan­u­ary. Kon­tos attrib­uted the inven­to­ry lev­els to high sup­ply and soft retail demand.




Wholesale Used Vehicle Prices Remain Soft

The whole­sale used-vehi­cle mar­ket remained soft in Feb­ru­ary, despite a slight improve­ment from the pre­vi­ous month, accord­ing to the lat­est mar­ket report from Tom Kon­tos, ADESA’s exec­u­tive vice pres­i­dent of cus­tomer strate­gies and ana­lyt­ics. Aver­age whole­sale prices dipped from last year, and auc­tion indus­try inven­to­ry lev­els con­tin­ue to be high, even though they decreased from Jan­u­ary. Kon­tos attrib­uted the inven­to­ry lev­els to high sup­ply and soft retail demand.





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