December Wholesale Prices Up 3% Over November, ADESA Says

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

Whole­sale prices were up more than 3% over Novem­ber – evi­dence of some resid­ual effects of Super­storm Sandy; Decem­ber does tend to sea­son­al­ly be a stronger month than Novem­ber as con­signors tend to hold cars dur­ing the month in antic­i­pa­tion of Jan­u­ary; those who did sell in Decem­ber were reward­ed with high­er prices and cap­i­tal­iz­ing on time val­ue of mon­ey.

Click here to read Kon­tos Kom­men­tary for the Decem­ber mar­ket

Whole­sale Used Vehi­cle Prices by Vehi­cle Mod­el Class at $9,849:
Up 3.1% over Novem­ber and down a mod­est 0.2% from Decem­ber 2011.

Prices for UVs Remar­ket­ed by Man­u­fac­tur­ers Rose by 3.2% Over Novem­ber:
Up 6.9% year-over-year, indi­cat­ing con­tin­ued good absorp­tion of off-rental pro­gram vehi­cles.

For 2012 Vs. 2011 Prices Up 4.9% for Man­u­fac­tur­ers, but Down 0.4% for Fleet/Lease Con­signors, and 1.7% for Deal­ers:
Explain­able in part by more sig­nif­i­cant lack of late-mod­el used vehi­cles sold by man­u­fac­tur­ers vs. more abun­dant sup­ply of old­er mod­els typ­i­cal­ly sold by fleet/lease com­pa­nies and deal­ers.

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