Wholesale Prices Rise with Late Tax Season

By Staff Writer June 21, 2019

The 2019 spring/tax season market started later but lasted longer than other years, according to ADESA Analytical Services.

Average wholesale prices were up on both a month-over-month and year-over-year basis in May.  Retail used-vehicle sales, including CPO sales, provided demand-side support for wholesale values.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in May averaged $11,667. That is up 1.5 percent compared to April and up 5 percent compared to May 2018.  Compact and midsize cars were two notable segments that experienced overall average price declines for the month.

However, when holding constant for sale type, model-year age, mileage, and model class segment -- using criteria that characterize off-lease units -- prices were up more significantly on a year-over-year basis for midsize cars than for midsize SUV/CUV.

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Last modified on Friday, 28 June 2019 12:33