Executive VP & Chief Economist
ADESA Analytical Services
All things considered, January wholesale price patterns were pretty normal. There was a seasonal uptick relative to December, though the overall price softening pattern continued during January. It was milder than year-ago levels. Off-lease volume continues to grow and put downward pressure on prices; severe weather patterns restricted retail demand from offsetting the off-lease volume impact.
Wholesale Prices in January Average $9,983 – Up 3.4% from December and Down 0.5% YOY:
SUVs, full-size pickups, and vans gained; most cars and crossovers had YOY declines.
Fleet/lease Consignors Had Strongest Segment Results in January:
Up 3.8% sequentially and 0.3% annually, while manufacturers and dealer consignors saw mixed gains and downturns.
Retail Used Vehicle Sales Were Down 31.7% Month-Over-Month:
Severe weather hurt shopping, and CPO sales also felt the brunt of it.