Wholesale Prices Resume Pre-Hurricane Pattern Featured
28 February 2018
Wholesale used vehicle prices started the year in the pattern that characterized much of 2017 in the months prior to hurricane season. Namely, car prices tended to fall while truck prices provided a boost to average wholesale values. In January, car prices continued to show year-over-year price declines, while truck prices did the opposite, but that situation is moving towards parity, as indicated by strong month-over-month increases in car prices.According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in January averaged $10,980 – up 1.6 percent compared to December and up 0.3 percent relative to January 2017. Prices increased at a higher monthly rate for cars than trucks, but were down on an annual basis.Average wholesale prices for used vehicles remarketed by manufacturers were down 3.7 percent month-over-month but up 7.9 percent year-over-year. Prices for fleet-lease consignors were up 4.1 percent sequentially but down 0.3 percent year-over-year. Average prices for dealer consignors were down 1.7 percent versus December and down 0.6 percent relative to January 2017.When holding constant for sale type, model-year age, mileage, and model class segment, prices were down on a year-over-year basis for both midsize cars and midsize SUV/CUVs.