ADESA Analytical Services reports increasing prices compared to October driven by trucks. Market essentially flat compared to 2014.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, November average wholesale prices were up on a month-over-month basis and essentially flat on a year-over-year basis. However, as in previous months, the uptick was largely driven by truck prices.
Off-rental units showed price gains, but these gains are deceiving, as manufacturers and rental sellers reduced “conversion rates” (i.e., units sold as a percentage of units offered) and only sold those units that reached or exceeded their asking prices. Moreover,