Executive Vice President & Chief Economist
ADESA Analytical Services
Wholesale used vehicle prices returned to their softening pattern in December after a one-month hiatus. The trend was seen throughout the year except for the beginning of 2013 from lingering supply shortages following Superstorm Sandy; later in the year, strong retail used vehicle demand played a part.
For the Year, Wholesale Prices Fell Nearly 2% as Volume Grew 5%:
Lessening impact was retail used vehicle sales growing over 3%.
Price Average at $9,661 — Down 0.9% from November and 1.3% from Year Ago:
UVs remarketing by manufacturers had strongest segment performance – up 3.4% from November and 3.3% year-over-year.
2013 Retail Used Sales Reached 30M and Total (with Private Sales) at 42M:
Up 3.4% and 3.6% respectively, and CPO sales passed 2M units – up 15.1% from 2012.