The average wholesale used price in July was $10,362, a 2% decline from June but a 4.9% increase from year-ago period, according to ADESA Analytical Services.
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Wholesale used vehicle prices increased in July despite expectations that wholesale prices would suffer in 2016 due to growing wholesale supplies.
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Auction volume has declined slightly, despite peaking in the first quarter of 2016 from off-lease vehicle returns, according to analysts at Kelley Blue Book.
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This week’s Black Book Market Insights report shows that car and truck segments depreciated at nearly the same percentage this past week.
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The average wholesale used-vehicle price in June was $10,55, a 1.5% decrease from May but a 3.3% increase from a year ago, according to ADESA Analytical Services. The firm attributed the month-over-month decline to the typical falloff in prices from May to June, and the year-over-year increase to the continued price strength of trucks.
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This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.
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This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
Read More →This week’s Black Book Market Insights report shows how the entire car and truck market showed broad declines this past week, with the exception of small pickups.
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This week’s Black Book Market Insights report offers up data that shows how car segment depreciation has consistently picked up since January.
Read More →May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
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