Wholesale Prices Flat, ADESA Reports Featured

By Staff Writer March 17, 2019 500

Average wholesale prices were relatively flat in February, as opposing forces largely canceled each other out.  

Overall car price declines were more than offset by truck price gains and off-lease price strength was largely offset by softer prices elsewhere.  Within the off-lease segment, the “take-rate” of midsize cars purchased upstream may be higher than that of midsize SUV/Crossovers, which is leaving fewer late-model midsize cars in the lanes and an abundance of midsize SUV/Crossovers.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in February averaged $10,775. That’s up 0.1 percent compared to January and up 0.6 percent relative to February 2018.  

On average, car segment prices were down both month-over-month and year-over-year, while the opposite was true for trucks.

However, when holding constant for sale type, model-year age, mileage, and model class segment -- using criteria that characterize off-lease units -- prices were up significantly on a year-over-year basis for midsize cars but down significantly for midsize SUV/CUVs.

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Last modified on Sunday, 17 March 2019 23:43