Price Increases Continue to be at Surface Only, Kontos Says

Tom Kon­tos
Exec­u­tive VP & Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

ADESA Ana­lyt­i­cal Ser­vices saw anoth­er month of price increas­es dri­ven by high­er priced, late mod­el rental pro­gram vehi­cles from automak­ers. Dig­ging deep into the rest of whole­sale trans­ac­tions revealed soft­ness in insti­tu­tion­al sales com­ing from growth in sup­ply. Whole­sale used vehi­cle prices in April aver­aged $10,711 – up 0.7% com­pared to March and up 2.2% over April 2014.

See the lat­est edi­tion of Kon­tos Kom­men­tary

SUVs and Pick­ups Had Strong Price Increas­es Over March 2015:
Dur­ing April, cars and crossovers gen­er­al­ly saw weak­er prices.

Used Vehi­cle Remar­ket­ed by Automak­ers Up 1.7% M-0-M and Down 7.6% Y-O-Y:
Fleet/lease con­sign­or prices down 1.4% and deal­er con­signors up 2.4% Y-O-Y.

Cer­ti­fied Pre-Owned (CPO) Vehi­cle Sales Fell 3.4% from March 2015:
But were very strong com­pared to April 2014 – up 11.3%, accord­ing to Auto­da­ta.



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