Wholesale Prices Continue Slide

By Staff Writer May 29, 2018

Average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April.  

However, April prices were seasonally strong, despite softer retail demand.  Prices appeared to be particularly strong for off-lease vehicles.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in April averaged $11,116 – up 2.7 percent compared to March but down 0.2 percent relative to April 2017.  Average prices were down on a year-over-year basis for both cars and trucks, but luxury cars and minivans were segments with significant volume that had strong year-over-year price gains.

When holding constant for sale type, model-year age, mileage, and model class segment, prices were up on a year-over-year basis for both midsize cars and midsize SUV/CUVs.

Last modified on Tuesday, 29 May 2018 13:55

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