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ADESA’s Chief Economist Tom Kontos reported in the latest Kontos Kommentary that average wholesale used vehicle prices demonstrated strong gains in December.
Read More →Kontos said that prices may have shown even more Thanksgiving holiday softening if it weren’t for the strong retail demand and somewhat diminished supply in the Northeast following Superstorm Sandy.
Read More →According to the latest Kontos Kommentary from ADESA's Chief Economist Tom Kontos, September was a good month for the retail new and used markets, as sales and prices were strong, driving demand in the auction lanes and online, according to the September
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As the market adapts to an era of restricted supply, car rental companies hone the process of buying and selling cars to keep fleet costs in line.
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Average auction prices climb above $10,000 for the first time since June 2011.
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The October 2011 'Kontos Kommentary' on current used-vehicle market conditions is presented by Adesa's chief economist Tom Kontos.
Read More →According to Tom Kontos’ July commentary, average wholesale prices are now more than $600 below their April peak.
Read More →KAR Auction Services, Inc. announced today that its subsidiary, ADESA, Inc., has signed a definitive agreement to acquire the equity of OPENLANE, Inc., a leading Internet-based business-to-business automotive remarketing company.
Read More →Adesa reports that wholesale used vehicle prices in May averaged $10,460 – down 1.1% compared to April and 0.8% lower than May 2010.
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In his monthly commentary, Tom Kontos states that continued tight used vehicle supply should keep pricing solid in December and into the first few months of 2011.
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