ADESA Analytical Services Provides Data to U.S. Bureau of Economic Analysis
ADESA Corp.’s Industry Relations Analytical Services department is providing monthly wholesale used-vehicle price trends and other information to the United States Bureau of Economic Analysis (BEA). This information, which ADESA is providing at the BEA’s request, will be used as part of the BEA’s efforts to estimate various components of gross domestic product. The BEA is an agency of the U.S. Department of Commerce.
ADESA’s vice president of industry relations and analytical services, Tom Kontos, will also provide analytical support to the BEA.
“There are always nuances to used vehicle data that those of us in the vehicle remarketing industry are familiar with, but which may not be apparent from looking at an index or averages,” said Kontos. “ADESA is very excited to be providing this type of input to as important a national economic information source as the BEA.”