Trucks Continue to Keep Wholesale Yearly Prices Up

Average wholesale values fell modestly and in line with typical seasonal patterns in August. Prices were again up on a year-over-year basis largely because of the continued price strength of trucks and a richer mix of younger, lower-mileage, higher-priced, off-lease units, 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 August averaged $10,738 — down 0.6% compared to July but up 4.6% relative to August 2015. Once again, cars were down on a year-over-year basis (-1.3%) while trucks were up significantly (7.3%), which led to the overall year-over-year increase.

Average wholesale prices for used vehicles remarketed by manufacturers were down 0.4% month-over-month but up 5.6% year-over-year, according to ADESA.

Prices for fleet/lease consignors were up 0.5% sequentially and up 1.1% annually, according to ADESA. Dealer consignors registered a 1.9% average price decrease versus July but a 4.9% increase relative to August 2015.

Wholesale Used Vehicle Price Trends          
  Average Prices ($/Unit)     Latest Month Versus:  
  Aug-16 Jul-16 Aug-15 Prior Month Prior Year
Total All Vehicles $10,738 $10,800 $10,265 -0.6% 4.6%
Total Cars $8,675 $8,810 $8,786 -1.5% -1.3%
Compact Car $6,597 $6,613 $6,780 -0.2% -2.7%
Midsize Car $7,748 $7,908 $7,764 -2.0% -0.2%
Fullsize Car $7,651 $7,681 $7,695 -0.4% -0.6%
Luxury Car $13,356 $13,680 $13,631 -2.4% -2.0%
Sporty Car $13,605 $14,084 $12,994 -3.4% 4.7%
Total Trucks $12,751 $12,777 $11,885 -0.2% 7.3%
Mini Van $8,183 $8,408 $7,354 -2.7% 11.3%
Fullsize Van $13,350 $13,216 $13,476 1.0% -0.9%
Compact SUV/CUV $10,673 $10,746 $10,298 -0.7% 3.6%
Midsize SUV/CUV $11,448 $11,410 $10,208 0.3% 12.1%
Fullsize SUV/CUV $13,292 $13,385 $12,131 -0.7% 9.6%
Luxury SUV/CUV $18,610 $18,750 $18,316 -0.7% 1.6%
Compact Pickup $8,485 $8,835 $7,973 -4.0% 6.4%
Fullsize Pickup $16,141 $16,084 $14,981 0.4% 7.7%

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.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Job Finder: Access Top Talent. Fill Key Positions.

>