Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in September averaged $10,734 – flat compared to August but up 5.1 percent compared to September 2015. Average prices for cars were up modestly on a year-over-year basis (0.3 percent), while truck prices were up significantly (7.3 percent), driving the overall year-over-year increase.
Particularly hard-hit during the month were mid-size cars, while luxury cars had a nice bounce. Minivans also saw solid price growth during the month.
Average wholesale prices for used vehicles remarketed by manufacturers were up 1.6 percent month-over-month and up 7.1 percent year-over-year. Prices for fleet-lease consignors were down 1 percent sequentially but up 1 percent year-over-year. Dealer consignors registered a 2 percent average price decrease versus August but a 4.3 percent increase over September 2015.