Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.
by Staff
September 20, 2017
Screenshot of Tom Kontos via KAR Auction Services.
1 min to read
Screenshot of Tom Kontos via KAR Auction Services.
Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.
Average wholesale values were bolstered by a strong used truck market and the possible impact of Hurricane Harvey, which appeared to drive up prices at the end of the month, especially in Texas, according to Tom Kontos, executive vice president and chief economist of ADESA Analytical Services.
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Overall wholesale prices increased 0.6% to $10,947 in August compared to July, and are 1.9% higher compared to August of 2016. Luxury cars saw significant average price increases on both a monthly and annual basis," Kontos said.
"Price softening was less evident than in previous months when holding constant for sale type, model-year age, mileage, and model class segment," said Kontos. "In fact, midsize car prices were up on a year-basis."
Midsize cars increased 1% to $11,667 year over year, while midsize SUVs fell 0.7% to $19,723.
Average wholesale prices for used vehicles remarketed by manufacturers were up 4.6% month-over-month and up 6.5% year-over-year. Average prices for dealer consignors were down 1.2% versus July and up 3.0% relative to August of 2016.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
The Association, dedicated to advancing the remarketing phase of the vehicle lifecycle, held its kick-off meeting on April 16 at the 2026 Conference of Automotive Remarketing (CAR) in Cleveland.
From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.
