Sales mix continues to shift towards trucks and younger off-lease vehicles.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices, after four months of year-over-year declines, average wholesale used vehicle prices registered a slight increase in July. However, this was primarily due, once again, to a shift in sales mix towards the truck model classes and the continued influx of younger off-lease vehicles, both of which have been tending to drive up average prices. Still, the summer market for used vehicles appears to be solid, both at the wholesale and retail levels.
Generally, lower used vehicle prices