The Car and Truck Fleet and Leasing Management Magazine

Kontos: Wholesale Pricing Rises 4.9% in July

August 10, 2016

The average wholesale used price in July was $10,362, a 2% decline from June but a 4.9% increase from year-ago period, according to ADESA Analytical Services. The strength of truck prices carried the year-over-year gains, while declines in every other segment drove down wholesale prices on a month-over-month basis.  

Compact and full-size pickups were the only vehicle segments to realize a gain in whole sale used pricing on a month-over-month basis. On a year-over-year basis, however, nearly all segments realized price increases, with only the compact and full-size car segments showing year-over-year decreases, noted the firm.


Full-size cars recorded the biggest decline in value, falling 11.1% to an average wholesale price of $6,984. Compact car prices experienced a similar drop, falling 8.7% to $6,325.

The biggest year-over-year gain during the month came from the minivan segment, which saw its average wholesales price increase13.8% from a year ago to $7,728, according to ADESA. The second-biggest gain came from midsize and full-size SUV/CUVs, which saw average wholesale prices climb 12% and 11.9%, respectively, from a year ago to $11,054 and $12,848.

“Average wholesale values fell again seasonally in July, but they remain up on a year-over-year basis largely because of the continued price strength of trucks and continued growth of younger, lower mileage, higher priced off-lease supply,” said Tom Kontos, ADESA's chief economist. “Recalls also played a role in the overall positive price performance, so it is not clear how wholesale prices might have fared absent the supply curtailments 'stop-sales' caused. 

"Nevertheless, retail used vehicle sales, especially near-record CPO sales, remain strong, providing demand-side support for wholesale values,” he added.

According to ADESA, the younger and lower mileage off-lease supply pushed the prices for fleet  and lease consignors up 3.1% compared to the same time last year. Certified pre-owned sales, according to the firm, were up 5.6% year over year.

Although manufacturers sold nearly 20% fewer remarketed used vehicles than they did during the same time last year, the average wholesale price for the vehicles they did sell was up 10.2% year over year. The firm noted that although recalls might have had a positive impact to pricing, they also attributed to the reduction in vehicles sold during the month.

Editor's note: This story originally appeared on F&I Showroom, which is a Bobit Business Media publication.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

VP/Sales, Indirect & Cobrand, Voyager Fleet Systems in Richmond, Va.

Read more

Up Next

More From The World's Largest Fleet Publisher