Superstorm Sandy Reversed Long-term Softening, Kontos Says

Tom Kon­tos
Exec­u­tive Vice Pres­i­dent, Cus­tomer Strate­gies & Ana­lyt­ics
ADESA Ana­lyt­i­cal Ser­vices

First half of Octo­ber saw con­tin­ued pat­tern of gen­er­al price soft­en­ing seen since Spring; as Super­storm Sandy approached and hit shores, deal­ers looked to be search­ing and bid­ding more aggres­sive­ly in-lane and online; Strong deal­er demand evi­dent despite weak­en­ing retail used vehi­cle sales.

Click here to read Kon­tos Kom­men­tary for Octo­ber 2012

Storm Impact Push­ing UV Val­ues When Prices Were Antic­i­pat­ed to Soft­en:
Replace­ment demand for new and used like­ly to go up for peri­od of time, par­tic­u­lar­ly in New Jer­sey.

ADESA UV Prices Up 2.0% Over Sep­tem­ber and Down 1.4% from Octo­ber 2011:
OPENLANE US Mar­ket Index also rose by 2% month-over-month.

Man­u­fac­tur­er UV Prices Feel by 0.2% Month-Over-Month:
Up 2.2% year-over-year, indi­cat­ing good absorp­tion of off-rental pro­gram vehi­cles.

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