Wholesale Prices Recover Featured
20 April 2017
Wholesale prices were below year-ago levels for cars in March and above prior year for trucks. However, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs of the traditional spring/tax season market typical for used vehicles.According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in March averaged $10,904, up 2 percent compared to February and up 1 percent relative to March 2016. All but one model class segment (compact pickups) showed month-over-month increases. Average wholesale prices for used vehicles remarketed by manufacturers were up 1.1 percent month-over-month but down 1.7 percent year-over-year. Prices for fleet-lease consignors were up 3.8 percent month-over-month and up 0.8 percent year-over-year. Average prices for dealer consignors were up 2.7 percent month-over-month and up 1.3 percent year-over-year.Breaking the data down by age shows that prices were down 2.5 percent year-over-year for current and one-model-year-old units (typically off-rental units) and down 2.6 percent for three-model-year-old units (a good proxy for off-lease units).