Wholesale Used-Vehicle Prices Continue to Soften

CARMEL, IN - According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in June averaged $9,893 – down 3.7 percent compared to May and down 3.6 percent relative to June 2011.  As gasoline prices softened in June, prices for car segments fell more dramatically (down 4.4 percent month-over-month and 6.9 percent year-over-year) than for truck segments (down 3.0 percent and 0.9 percent, respectively).

Manufacturers registered a 1.9 percent month-over-month price increase and a 5.6 percent year-over-year rise, reflecting continued tight supplies of late-model off-rental and off-lease vehicles. Fleet/lease consignors experienced a 5.7-percent sequential price decrease and a 2.4-percent annual decrease.  Dealer consignors saw a 1.6 percent average price decrease versus May and a 4.4 percent downturn versus June 2011.

Based on data from CNW Marketing/Research, retail used vehicle sales in June were up 8.1% month-over-month and 1.9 percent year-over-year for franchised dealers, but down 1.6 percent and 8.0 percent, respectively, for independent dealers – an indication that both inventory and traffic favors franchised dealers in the current used vehicle market environment.  June sales of certified used vehicles were up 3.3 percent month-over-month and 8.9 percent year-over-year based on data from Autodata.