Latest Online Edition  Read Here

Trucks Drive Wholesale Prices Lower

Trucks Drive Wholesale Prices Lower Featured

Wholesale prices were down overall in December.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in December averaged $10,642 – down 0.3 percent compared to November, but up 3.9 percent relative to December 2015. Truck prices, which fell 0.6 percent month-over-month, led the overall monthly decline. Particularly hard-hit were prices for full-size and luxury SUV/CUV models, as well as full-size vans.
Passenger car segments, on the other hand, registered price gains during the month, with only luxury and sporty cars (which tend to be less fuel efficient) showing declines.
Average wholesale prices for used vehicles remarketed by manufacturers were down 4.2 percent month-over-month and down 0.4 percent year-over-year. Prices for fleet-lease consignors were down 1.5 percent sequentially but up 1.0 percent annually.
Average prices for dealer consignors were flat versus November but up 1.1 percent relative to December 2015.

Last modified on Thursday, 19 January 2017 01:42
Rate this item
(0 votes)