Third consecutive year-over-year decline in May.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers. Wholesale prices remain strong for off-lease vehicles, which, as noted last month, 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