The Car and Truck Fleet and Leasing Management Magazine

Used Fleet Lease Vehicle Prices Fall in May

June 15, 2017

Screenshot via KAR Auction Services.
Screenshot via KAR Auction Services.

Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.

Kontos tracks fleet lease sales of three model-year old units with between 36,000 and 45,000 miles. Mid-size cars with that criteria fell 5.6% to $11,595 from a year ago, and mid-size SUVs fell 1.1% to $20,225 from May of 2016.

At the same time, average wholesale prices for used vehicles remarketed by manufacturers increased 3.3% from April and 4.9% from a year ago. Average prices for dealer consignors were up 0.2% versus April and up 5.9% relative to May 2016, Kontos said.

The overall used vehicle market was flat in May, when vehicle prices averaged $11,138. The overall market increased 3.9% from a year ago. The year-over-year increase came mostly from larger vehicles, including fullsize cars, mid-size and full-size SUVs and large pickups, Kontos said.

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