Wholesale Prices Remain Strong Year-Over-Year Featured

By Staff Writer September 24, 2019

 

Average wholesale prices in August remained up on a year-over-year basis, according to Tom Kontos, chief economist of Kar Auction Services.

In his August commentary, Kontos reported the year-over-year price growth was due to the strength and growing share of truck-segment sales, as car prices fell on a monthly and annual basis overall. However, car prices remained up for off-lease units, Kontos said.

CPO sales were strong in August and continue to support off-lease vehicle prices, Kontos stated.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $11,244 – down 1.8 percent compared to July but up 1.8 percent relative to August 2018.  All segments showed month-over-month declines in average prices except full-size vans and full-size SUV/Crossovers.

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Last modified on Tuesday, 01 October 2019 13:03

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