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Similar to September, prices for trucks pushed up average prices in general during October. Average wholesale used vehicle prices were up 5.2% year-over-year and down 0.6% month-over-month, according to ADESA.
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For September, the average mileage on units sold decreased below 45,000 miles, according to Manheim. Truck prices increased while car prices continued to decrease in September, according to both Manheim and ADESA.
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With its 2015 Auction Achievement Awards, Enterprise Holdings has recognized 14 automotive auctions in the categories of whole-car auctions and damaged-vehicle auctions.
Read More →For the first time since August 2014, average wholesale used vehicle prices fell on a year-over-year basis, according to ADESA.
Read More →For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year, according to ADESA.
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In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.
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Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.
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At the ADESA Auto Auction in Mira Loma, Calif., car rental companies received updates on Toyota’s repurchase programs and attended a condition report demonstration. Photos by Chris Brown.
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At the ADESA Auto Auction in Mira Loma, Calif., car rental companies received updates on Toyota’s repurchase programs and remarketing procedures and attended a condition report demonstration.
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Average wholesale used vehicle prices increased in April in a trend attributed to a significant proportion of sales of higher priced, late-model, off-rental, manufacturer program vehicles that elevated average prices, according to ADESA.
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