ADESA: Wholesale Used Vehicle Prices Soften in June

Despite healthy retail demand and minimal new vehicle incentives, the used vehicle supply continues to recover and put downward pressure on wholesale used vehicle prices, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in June averaged $9,516 — down 2.9% compared to May and 3.7% relative to June 2012. According to Kontos, June’s softening price environment affected nearly all car, truck and crossover sectors.

Prices for used vehicles — remarketed by manufacturers — decreased 0.9% year-over-year, while prices for fleet/lease consignors were up 1.8% annually, according to ADESA. For dealer consignors, there was a 5.2% downturn compared to June 2012.

Based on data from CNW Marketing/Research, June sales for retail used vehicles increased 3.4% year-over-year for franchised dealers and 3.8% for independent dealers. And based on figures from Autodata, sales of certified pre-owned (CPO) vehicles were up considerably at 14.4% year-over-year.

 Wholesale Used Vehicle Price Trends

 Average Prices ($/Unit)  Latest Month Versus: 
  Jun-13 May-13 Jun-12 Prior Month Prior Year
Total All Vehicles $9,516 $9,796 $9,885 -2.9% -3.7%
Total Cars $8,613 $8,932 $8,999 -3.6% -4.3%
Compact Car $6,765 $7,087 $7,199 -4.5% -6.0%
Midsize Car $7,902 $8,192 $8,046 -3.5% -1.8%
Fullsize Car $7,056 $7,240 $7,151 -2.5% -1.3%
Luxury Car $11,770 $12,212 $12,754 -3.6% -7.7%
Sporty Car $12,536 $12,849 $12,848 -2.4% -2.4%
Total Trucks $9,563 $9,761 $9,810 -2.0% -2.5%
Mini Van $6,376 $6,560 $7,000 -2.8% -8.9%
Fullsize Van $9,739 $9,875 $9,534 -1.4% 2.1%
Mini SUV $11,423 $11,053 $10,994 3.3% 3.9%
Midsize SUV $6,552 $7,164 $6,955 -8.5% -5.8%
Fullsize SUV $10,811 $10,580 $12,344 2.2% -12.4%
Luxury SUV $18,347 $18,745 $19,160 -2.1% -4.2%
Compact Pickup $7,238 $7,441 $7,570 -2.7% -4.4%
Fullsize Pickup $11,807 $11,874 $11,214 -0.6% 5.3%
Total Crossovers $12,582 $12,933 $13,206 -2.7% -4.7%
Compact CUV $11,292 $11,464 $11,109 -1.5% 1.6%
Mid/Fullsize CUV $13,948 $14,479 $16,276 -3.7% -14.3%

 

This Kontos Kommentary analysis is based on nearly six million annual sales transactions from more than 150 of the largest U.S. wholesale auto auctions, including those of ADESA as well as other auction companies. ADESA Analytical Services segregates these transactions to study trends by vehicle model class.

For an Auto Focus blog looking at the future of the used car market, click here.

Comments

  1. used Car Market June 2013 [ July 10, 2013 @ 05:07PM ]

    hope you find this intersting

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