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Wholesale Prices Recover

Wholesale Prices Recover Featured

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).

Last modified on Thursday, 20 April 2017 21:18
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  • Wholesale Prices Continue Downward Trend

    Further concrete evidence of price softening appeared in February as prices uncharacteristically, and unseasonably, softened rather than firmed versus January.

    Prices fell for virtually all model years and all model classes. Prices were still up on a year-over-year basis, but this was again primarily due to the influx of younger off-lease units.

    According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in February averaged $10,688. That is down 2.3 percent compared to January but up 4.8 percent relative to February 2016.

    Almost all model classes showed monthly declines.

    Average wholesale prices for used vehicles remarketed by manufacturers were down 0.1 percent month-over-month and down 1 percent year-over-year.

    Prices for fleet-lease consignors were down 3.4 percent month-over-month but up 3.6 percent year-over-year. Within this segment, however, rental risk units showed month-on-month and year-on-year price declines.

    Average prices for dealer consignors were down 1.2 percent versus January but up 2.5 percent relative to February 2016.

     

     

  • Wholesale Prices Come in Flat

    Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) fell by 0.2 percent in February.  
    However, given a sharp decline in pricing in February of last year, the Manheim Index now shows a year-over-year gain of 1.1 percent. The Manheim Used Vehicle Value Index stood at 124.6 for February.
     The auction volume of risk units actually sold was up in the first two months of 2017, even though conversion rates were a little weak.

  • New Car Prices Rise Year-over-Year

    The estimated average transaction price for light vehicles in the United States was $34,352 in February, according to Kelley Blue Book. 
    New-car prices have increased by $757 (2.3 percent) from February 2016, while falling $328 (down 0.9 percent) from January. 
    Ford Motor Co. reports the greatest year-over-year gains, with average transaction prices up nearly 6 percent on strong F-Series sales.
    On the other hand, Hyundai-Kia transaction prices were flat for February, as the Hyundai brand fell 6 percent, offset by the Kia brand rising 2 percent.