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Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) ticked up in October, after declining in each of the previous five months, according to Manheim Consulting. Auction volumes of rental risk units were up significantly in October due to recall-delayed selling.
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According to ADESA Analytical Service’s September analysis, wholesale used vehicle prices softened again for the fifth consecutive month. Prices in September averaged $9,557, down 0.4% from last month.
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In August, wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.7%, the fourth consecutive monthly decline, according to Manheim Consulting. ADESA also saw a decrease in wholesale used vehicle prices — down 0.4% compared to August 2013.
Read More →According to ADESA Analytical Service’s July analysis, prices declined between June and July for virtually all model classes. Minivans and mini SUVs were hit the hardest, with price declines of 5.7% and 3.8%, respectively.
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In June, the new vehicle SAAR (seasonally adjusted annual rate) climbed to almost 17 million — with the help of higher sales into rental, according to Manheim Consulting.
Read More →Although wholesale prices in May dropped 1.5% from their April spring-market/tax-season peak, they still remain above year-ago levels — up 5.4% from May 2013, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
Read More →Wholesale prices remained at high levels in April, reflecting scarcity in supply and abundance of demand, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
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Enterprise Car Sales, a service of Enterprise Rent-A-Car, has opened a new used car location in St. Charles, Mo.
Read More →Wholesale used vehicle prices for March were up 6% compared to February and up 4% relative to March 2013, according to ADESA Analytical Services' monthly analysis.
Read More →Although wholesale used vehicle prices were down from January, the prices were up 0.9% on a year-over-year basis, according to ADESA. Continued wholesale supply growth was coupled with weaker retail demand.
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