Vehicle wholesale prices continued to increase into April. And the month ended in a 15 consecutive week increase.
Wholesale prices for the overall market increased in March 2023. Among the 13 truck segments, 11 increased.
Wholesale prices started in an upward trajectory in the first week of February and continued increasing throughout the month.
From the week of January 22-28, wholesale truck prices were reported -0.50%. Used vehicle prices also ended 2022 on a steep decline.
Automotive Fleet has released its third report in the new State of the Fleet Industry weekly video series summarizing the latest news in the fleet market, which is presented by AF Editor Mike Antich.
Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.
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