The average price declined compared to June, but remained above July 2015. Continued strength in truck prices.
According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, average wholesale values fell again in July, but they remain up on a year-over-year basis largely because of the continued price strength of trucks and continued growth of younger, lower-mileage, higher-priced off-lease supply. Recalls also played a role in the overall positive price performance, so it is not clear how wholesale prices might have fared absent the supply curtailments “stop-sales” caused. Nevertheless, retail used vehicle sales, especially near-record certified pre-owned (CPO)
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.