Wholesale Prices Fell in February

March 12, 2015
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Average wholesale used vehicle prices fell modestly in February compared to January, but remain up on a year-over-year basis, primarily due to a “richer mix” that includes a higher proportion and quantity of off-rental program/factory units, according to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class.

Wholesale used-vehicle prices in February averaged $10,176 – down 0.3 percent compared to January but up 3.4 percent relative to February 2014.  As in January, much of the positive year-over-year price variance is driven by higher off-rental program/factory vehicle sales. (Program vehicles are typically current-model-year or one-year-old models that sell for higher average prices than other auction sales types.) Full size Pickups continued to show pricing strength, while crossover vehicles saw year-over-year declines.

Prices for used vehicles remarketed by manufacturers were up 4.4% month-over-month but down 8.8% year-over-year.  Prices for fleet/lease consignors were down 1.0% sequentially but up 0.7% annually.  Dealer consignors registered a 1.0% decrease versus January but a 3.5% increase relative to February 2014.

Retail used-vehicle sales for February are unavailable from CNW Research.  CPO sales were again strong, rising 10.3 percent year-over-year, according to figures from Autodata.

WHOLESALE USED-VEHICLE PRICE TRENDS

  Average Prices ($/Unit)     Latest Month Versus:  
  Feb-15 Jan-15 Feb-14 Prior Month Prior Year
           
Total All Vehicles $10,176 $10,204 $9,839 -0.3% 3.4%
           
Total Cars $9,061 $9,119 $8,776 -0.6% 3.3%
Compact Car $7,470 $7,392 $7,130 1.1% 4.8%
Mid-size Car $8,082 $7,977 $8,140 1.3% -0.7%
Full-size Car $7,838 $8,529 $6,889 -8.1% 13.8%
Luxury Car $12,389 $12,576 $11,999 -1.5% 3.2%
Sporty Car $13,113 $13,023 $12,002 0.7% 9.3%
           
Total Trucks $11,044 $11,005 $10,239 0.3% 7.9%
Minivan $7,922 $7,648 $7,609 3.6% 4.1%
Full-size Van $12,145 $11,316 $10,907 7.3% 11.3%
Mini SUV $12,974 $12,988 $11,988 -0.1% 8.2%
Mid-size SUV $7,818 $8,229 $7,324 -5.0% 6.8%
Full-size SUV $11,202 $10,876 $10,652 3.0% 5.2%
Luxury SUV $17,978 $18,278 $18,210 -1.6% -1.3%
Compact Pickup $7,685 $7,550 $7,260 1.8% 5.9%
Full-size Pickup $13,805 $13,534 $12,460 2.0% 10.8%
           
Total Crossovers $12,262 $12,212 $12,615 0.4% -2.8%
Compact CUV $10,833 $10,944 $11,480 -1.0% -5.6%
Mid/Full-size CUV $13,257 $13,134 $13,791 0.9% -3.9%
Source: ADESA Analytical Services. January data revised.

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