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Tom Kontos of Adesa reports that wholesale used vehicle prices in October averaged $9,447 -- a 3 percent decrease from September, but a 9.5 percent increase from last year's October results.
Read More →According to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $9,949 -- a 0.7 percent decrease from July but a 3.9 percent increase from August 2008.
Read More →In his July commentary, Tom Kontos of Adesa says that firming used vehicle prices resulting from low trade-in supply and strong used car demand are conditions that have been in place for the entire year.
Read More →According to the report, average prices were up on a year-over-year basis for the first time since December 2007.
Read More →One would have expected lower wholesale supply and improving retail demand to have resulted in stronger wholesale prices in April. Yet many dealers are limiting their days-supply of used vehicles by keeping fewer units in inventory and turning them quicker.
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Adesa reports that average auction prices rose sequentially for the fifth month in a row, though still "modestly under water" on a year-over-year basis.
Read More →Average wholesale used vehicle prices have risen by almost $750 since their trough in October, according to Adesa auction data.
Read More →Kontos says December (and early January) results appear to support the conclusion last month that “the worst may have been over [for the used vehicle market] in late-October/early November around the time of the election.”
Read More →Tom Kontos of ADESA says that the wholesale market in November was nearly as weak as October, but the worst may be over.
Read More →The used-vehicle market is feeling the impact of double-digit year-over-year declines in retail sales resulting from a lack of traffic and diminished credit availability.
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