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.

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.