While cars and crossover prices declined compared to last year, used truck price increases more than offset the declines overall.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, October average wholesale prices were driven up largely by increases in truck prices. Still, wholesale values were solid in most model year and sale type categories, with the exceptions being off-rental risk and off-lease vehicles. The off-rental risk price declines were driven mostly by higher mileage vehicles, while the off-lease price softness reflects growing supplies. Retail used vehicle sales, though down from prior-month levels, were strong on a
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