Executive VP, Customer Strategies & Analytics
ADESA Analytical Services
Average sales price for all vehicles sold at auction fell below $10,000 for 1st time since February, signaling end to this year’s characteristically strong Spring/Tax season; As gasoline prices softened in June, prices for car segments fell more dramatically than for truck segments.
Wholesale Used Vehicle Prices Continued to Soften Cyclically and Seasonally:
Prices in June averaged $9,893 – down 3.7% compared to May and down 3.6% relative to June 2011.
Retail Used Vehicle Sales Up for Franchised Dealers, but Down for Independent Dealers:
Indication that both inventory and traffic favors franchised dealers in current used vehicle market environment.
June Sales of Certified Used Vehicles:
Up 3.3% month-over-month and 8.9% year-over-year, based on data from Autodata.