Wholesale Prices Fell in February

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.

by Staff

March 12, 2015

2 min to read

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.