Wholesale Prices Continued Decline for Fifth Straight Month

Tom Kon­tos
Exec­u­tive Vice Pres­i­dent & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

Whole­sale used vehi­cle prices declined for fifth straight month in Sep­tem­ber. Year-over-year, prices saw a mod­est increase that may have masked the actu­al mar­ket con­di­tions. There was a high­er per­cent­age of insti­tu­tion­al sales of late-mod­el vehi­cles com­pared to last year. Stronger used retail sales cush­ioned some of the blow to whole­sale prices.

Here’s the Sep­tem­ber edi­tion of Kon­tos Kom­men­tary

Whole­sale Used Vehi­cle Prices by Mod­el Class Aver­aged $9,557:
That was 0.4% down from August, but up 0.8% over Sep­tem­ber 2013.

Aver­age Prices For Mini­vans Were Up Sig­nif­i­cant­ly in Sep­tem­ber:
Reflects increase in cur­rent and one-year-old mod­els sold in fac­to­ry sales.

Used Truck Prices Rose Sig­nif­i­cant­ly on M-O-M and Y-O-Y Basis:
Cars went in oppo­site direc­tion with major month­ly and annu­al price declines.

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