Prices up both versus December and 2016.
According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, even with increased supply of used vehicles wholesaled in January, used vehicle prices held up surprisingly well, despite soft retail demand and high new vehicle incentives. Nevertheless, pockets of supply-driven weakness did appear in rental program and risk units, and younger vehicles in general.
Higher used vehicle prices decrease pressure on the number of total losses impacting the collision repair industry, while lower prices allow for less collision repair work to be performed prior to a vehicle being declared a total
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.