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Wholesale Prices Rise Year-over-Year

Wholesale Prices Rise Year-over-Year Featured

Average wholesale prices in May were flat versus April but up on a year-over-year basis, primarily due to the strength of truck prices and a younger mix resulting from off-lease supply growth.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicles averaged $11,138. That is flat compared April, but up 3.9 percent relative to May 2016. The rise came mostly from larger vehicles, including cars, midsize SUVs, CUVs and full-size pickups.
Average wholesale prices for used vehicles remarketed by manufacturers were up 3.3 percent month-over-month and up 4.9 percent year-over-year. Prices for fleet-lease consignors were down 0.2 percent month-over-month and up 3.5 percent year-over-year.
Average prices for dealer consignors were up 0.2 percent versus April and up 5.9 percent relative to May 2016.

Last modified on Friday, 16 June 2017 01:30