Wholesale used-vehicle prices in October averaged $10,499, a decline from September but a 3% increase on a year-over-year basis.
Read More →Wholesale used-vehicle prices declined in October 0.7% and non-seasonally adjusted prices declined 2%, showing a downward trend for all vehicle segments in recent months.
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Pricing for car and truck segments weakened heading into the fourth quarter, which is typical this time of year. Crossovers and SUVs led the way with the highest value decline last week — the full-size crossover/SUV segment fell 1.12%.
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Wholesale used-vehicle prices average $10,734 in September, which was flat with August but up 5.1% from a year ago, according to ADES Analytical Services.
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Wholesale used vehicle prices remained unchanged between August and September, remaining at 126.9 for September, which is a 1.7% increase from a year ago.
Read More →Wholesale prices for trucks were up 7.3% on a year-over-year basis while cars were down 1.3%, according to ADESA.
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This could be a sign that stop-sale/stop-use units are being repaired and creating less demand for loaner vehicles, says Manheim.
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Average whole values fell again on a month-over-month basis in July, but they remain up on a year-over-year basis mainly due to the price strength of truck and continued growth of younger, lower-mileage, higher-priced off-lease supply, according to ADESA.
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Auction prices for rental risk units sold in July jumped 21% from a year ago because of lower average mileage and a richer mix of units sold, according to Manheim. Wholesale used vehicle prices increased for the fourth consecutive month.
Read More →Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis mainly due to the price strength of trucks, according to ADESA.
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