Second consecutive month with year-over-year declines.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April. However, April prices were seasonally strong, despite softer retail demand. Prices appeared to be particularly strong for off-lease vehicles, which is testimony to the effectiveness of upstream sales in preventing oversupply of these units at physical auctions.
Generally, lower used vehicle prices increase pressure on the number of total losses impacting the collision repair industry, while rising prices allow for more collision repair work to be performed prior