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.