Though prices remained above year ago levels, prices were down month-to-month. Truck prices are up and car prices are down.
According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices the softening wholesale price environment became more apparent in October, as wholesale supply continues to grow while retail demand weakened. For the first time this year, new vehicle sales on a year-to-date basis fell below last year’s levels, indicating that total sales in 2016 may not match the 2015 record of 17.5 million. However, the decline from that all-time high should be moderate.
Lower used vehicle prices increase
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