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.
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.