According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class1, wholesale used vehicle prices in July averaged $9,435, – down 1.3% compared to June and 1.3% relative to July 2012. The biggest hits to price were taken by the van categories and fullsize cars, SUVs and CUVs. Fullsize pickups continue to draw higher prices, as do smaller SUVs and crossovers.
Another group of vehicles drawing higher prices is off-rental program units sold by auto manufacturers. Prices for used vehicles remarketed by manufacturers were up 3.0% month-over-month and 3.9% year-over-year. Prices for fleet/lease consignors were down 0.6% sequentially, but up 3.2% annually. Dealer consignors saw a 0.3% average price decrease versus June 2013, and a 2.1% downturn versus July 2012.
Based on data from CNW Marketing/Research, retail used vehicle sales were somewhat flat on both a month-over-month and year-over year basis in July, but nevertheless sales remain at historically high levels on a year-to-date basis. Year-to-date sales through July are at their highest levels since 2005 and are up 3.5% year-over-year for franchised dealers and 2.4% for independent dealers. Sales of certified pre-owned (CPO) vehicles were down modestly at 1.5% month-over-month but up significantly at 21.0% year-over-year, based on figures from Autodata.
Wholesale Used Vehicle Price Trends Average Prices ($/Unit) Latest Month Versus: Jul-13 Jun-13 Jul-12 Prior Month Prior Year Total All Vehicles $9,435 $9,554 $9,556 -1.3% -1.3% Total Cars $8,509 $8,642 $8,703 -1.5% -2.2% Compact Car $6,605 $6,799 $7,014 -2.8% -5.8% Midsize Car $7,701 $7,946 $7,748 -3.1% -0.6% Fullsize Car $6,691 $7,120 $6,977 -6.0% -4.1% Luxury Car $11,768 $11,769 $12,446 0.0% -5.4% Sporty Car $12,718 $12,551 $12,449 1.3% 2.2% Total Trucks $9,441 $9,612 $9,461 -1.8% -0.2% Mini Van $5,949 $6,401 $6,537 -7.1% -9.0% Fullsize Van $9,434 $9,853 $9,766 -4.3% -3.4% Mini SUV $11,733 $11,563 $10,941 1.5% 7.2% Midsize SUV $6,758 $6,602 $6,747 2.4% 0.2% Fullsize SUV $9,921 $10,886 $10,726 -8.9% -7.5% Luxury SUV $18,308 $18,322 $18,825 -0.1% -2.7% Compact Pickup $7,255 $7,283 $7,384 -0.4% -1.7% Fullsize Pickup $11,856 $11,857 $11,276 0.0% 5.1% Total Crossovers $12,543 $12,627 $12,846 -0.7% -2.4% Compact CUV $11,265 $11,338 $10,839 -0.6% 3.9% Mid/Fullsize CUV $13,871 $13,995 $15,293 -0.9% -9.3% Source: ADESA Analytical Services.
RELATED CONTENT:
