Industry News

Tom Kontos of Adesa reports that wholesale used vehicle prices in October averaged $9,447 -- a 3 percent decrease from September, but a 9.5 percent increase from last year's October results.

Tags: ADESA, Tom Kontos, wholesale market

According to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $9,949 -- a 0.7 percent decrease from July but a 3.9 percent increase from August 2008.

Tags: ADESA, Tom Kontos, wholesale market

In his July commentary, Tom Kontos of Adesa says that firming used vehicle prices resulting from low trade-in supply and strong used car demand are conditions that have been in place for the entire year.

Tags: ADESA, Tom Kontos, wholesale market, Cash for Clunkers

According to the report, average prices were up on a year-over-year basis for the first time since December 2007.

Tags: ADESA, Tom Kontos, wholesale market

One would have expected lower wholesale supply and improving retail demand to have resulted in stronger wholesale prices in April. Yet many dealers are limiting their days-supply of used vehicles by keeping fewer units in inventory and turning them quicker.

Tags: ADESA, Tom Kontos, wholesale market

Average wholesale used vehicle prices have risen by almost $750 since their trough in October, according to Adesa auction data.

Tags: Tom Kontos, wholesale market

Kontos says December (and early January) results appear to support the conclusion last month that “the worst may have been over [for the used vehicle market] in late-October/early November around the time of the election.”

Tags: Tom Kontos

Tom Kontos of ADESA says that the wholesale market in November was nearly as weak as October, but the worst may be over.

Tags: ADESA, Tom Kontos

The used-vehicle market is feeling the impact of double-digit year-over-year declines in retail sales resulting from a lack of traffic and diminished credit availability.

Tags: Tom Kontos, Credit, Retail Sales, used vehicle sales