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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