Kontos: Wholesale Prices Recover

By Staff Writer September 29, 2021

The two-month decline in average wholesale prices ended in August, with prices recovering thus far in September to peak levels achieved during the spring. The continued chip shortage on the new-car side and the “perfect drought” in supply on the used-car side are the main reasons for this.

However, KAR’s Tom Kontos reports, retail used vehicle sales and CPO sales have softened not only because of used vehicle supply shortages that limit vehicle selection, but consumer awareness of high used vehicle prices that may lead some shoppers to delay their purchases.

According to KAR Global Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices in August averaged $14,712 — up 3.2% compared to July, up 9.0% relative to August 2020, and up 30.8% compared to pre-COVID/August 2019 as seen in the table below

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Last modified on Thursday, 07 October 2021 15:26