Low Gas Prices Drive Increase in Truck Prices and Decrease in Cars

Tom Kon­tos
Exec­u­tive VP and Chief Econ­o­mist
ADESA Ana­lyt­i­cal Ser­vices

Prices were sta­ble in Sep­tem­ber over­all, but cars saw their used prices fall while truck prices rose as gaso­line prices stayed low. Healthy retail demand has con­tin­ued to min­i­mize the impact of the grow­ing vol­ume of used vehi­cles. Whole­sale used vehi­cle prices aver­aged $9,619 – rel­a­tive­ly flat at 0.5% com­pared to August and 0.7% com­pared to Sep­tem­ber 2014.

Prices See­ing Soft­ness by Sell­er Type in Sequen­tial and Y-O-Y Basis:
Prices for trucks up sequen­tial­ly and annu­al­ly, and oppo­site was true for cars.

Insti­tu­tion­al Sell­ers See­ing More of the Prices Soft­en­ing than Oth­er Seg­ments:
Off-rental pro­gram and risk units both had Y-O-Y declines in aver­age prices.

NADA Showed 4.8% Y-O-Y Increase in Used Vehi­cle Sales by Fran­chised:
Inde­pen­dent deal­ers saw a 5.4% increase in Y-O-Y used vehi­cle sales.

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