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July 17, 2017 - Industry News

Kontos: Wholesale Prices Softening Despite YOY Increase in June

Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said this week.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos, Wholesale Pricing

May 22, 2017 - Industry News

Kontos: Wholesale Prices Show Strength Again in April

Average wholesale used-vehicle prices reached $11,141 in April, a 2.2% increase from March and a 2.5% increase from a year ago, Tom Kontos reported. The only three segments registering declines were compact, mid-size, and luxury cars.

Tags: Tom Kontos, used-vehicle sales, wholesale values

April 24, 2017 - Industry News

Kontos: Tale of Two Markets Resumes in March

While wholesale prices were below year-ago levels for cars, they were up for trucks. The revelation prompts KAR Auction Services' chief economist to revisit a study he began during the industry's first experience with $4 gas back in 2008, when the price gap between trucks and cars closed dramatically.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos

March 22, 2017 - Industry News

Kontos: Used-Vehicle Prices Soften 'Uncharacteristically' in February

February provided “further concrete evidence of softening” of used-vehicle prices, ADESA's Tom Kontos wrote in his monthly Kontos Kommentary.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle prices, Wholesale Pricing

February 28, 2017 - Industry News

Kontos: January Wholesale Prices Rise 6.7% YOY

Wholesale used-vehicle prices in January averaged $10,945, a 6.7% increase from a year ago and a 2.8% rise from the prior month, according to ADESA Analytical Services.

Tags: ADESA, certified pre-owned vehicles, Tom Kontos, used-vehicle sales, wholesale values

January 18, 2017 - Industry News

Kontos: December Wholesale Prices Fall, Up 3.9% YOY

Wholesale used-vehicle prices in December averaged $10,642, which was essentially flat with the prior month but up 3.9% from a year ago, according to ADESA Analytical Services.

Tags: ADESA, Kar Auction Services, Tom Kontos, used-vehicle values, Wholesale Pricing

November 16, 2016 - Industry News

Kontos: Wholesale Prices Up Year Over Year, Down From September

As has been the case for much of the year, average wholesale used-car prices were down on a year-over-year basis. In October, the average wholesale used-vehicle price fell by 1.2% compared to the year before. Trucks, on the other hand, continued to realize year-over-year increases in wholesale prices. Compared to last year, truck prices are up 5.1%.

Tags: ADESA, ADESA Analytical Services, Tom Kontos, used vehicles, Wholesale Pricing

September 27, 2016 - Industry News

Kontos: Average Wholesale Price in August Up 4.6% YOY

ADESA's chief economist reported this week that the continued strength of the truck segment drove a year-over-year increase in wholesale prices, while weak car sales contributed to a month-over-month price decline.

Tags: ADESA, remarketing, Tom Kontos, used vehicles, Wholesale Pricing

July 12, 2016 - Industry News

Kontos: Strong Truck Values Drive 3.3% Increase in Wholesale Prices in June

Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis thanks to the continued price strength of trucks, according to ADESA Analytical Services.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, used-vehicle values

July 14, 2015 - Industry News

Wholesale Used Car Prices Dipped in June, Kontos Reports

Average wholesale used vehicle prices fell significantly in June relative to May, though they remained higher than year-ago levels, according to ADESA’s Chief Economist Tom Kontos.

Tags: ADESA, Autodata Corp, NADA, National Automobile Dealers Association, Tom Kontos, used vehicles, Wholesale Pricing

January 13, 2015 - Industry News

Wholesale Used-Car Prices Down Slightly in December, Kontos Reports

Average wholesale used-vehicle prices fell modestly in December but remained up on a year-over-year basis, according to a report from ADESA’s Chief Economist Tom Kontos.

Tags: ADESA, Autodata Corp, Tom Kontos, Wholesale Pricing

November 12, 2014 - Industry News

October Wholesale Prices Reveal Market Softness

ADESA’s chief economist says off-rental program vehicles kept wholesale prices artificially high in October. They also masked softness in a market that is facing high incoming supply.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, Wholesale Pricing

September 11, 2014 - Industry News

Wholesale Prices Decline in August

In August, prices were down on a year-over-year basis for the first time since the beginning of 2014, part of a softening trend in wholesale prices.

Tags: August sales, Tom Kontos, Wholesale Pricing

March 13, 2014 - Industry News

February Wholesale Prices Down From January

Tom Kontos reported this week that wholesale used-vehicle prices in February averaged $9,839, down compared to January.

Tags: monthly sales, remarketing, Tom Kontos, used vehicles, Wholesale Pricing

December 19, 2013 - Industry News

Strong Demand Buoys Wholesale Prices in November, Kontos Reports

Strong retail demand continued to buoy wholesale used-vehicle prices in November, as average prices rose on both a month-over-month and year-over-year basis.

Tags: ADESA Analytical Services, remarketing, Tom Kontos, used vehicles, Wholesale Pricing

November 12, 2013 - Industry News

Wholesale Prices Up in October, Kontos Reports

Average wholesale prices in October partially reversed from the declines recorded during the previous month, reports ADESA Analytical Services’ chief economist.

Tags: ADESA, ADESA Analytical Services, Tom Kontos, Wholesale Pricing

June 13, 2013 - Industry News

Wholesale Prices Continued to Fall in May, Kontos Reports

The year-over-year drops in wholesale prices in February, March and April continued in May, with wholesale prices dropping 2.8 percent vs. April and 4.5 percent from a year ago.

Tags: Autodata, CNW Research, Superstorm Sandy, Tom Kontos, used-vehicle values

January 8, 2013 - Industry News

Kontos: Wholesale Prices Rise in December

According to ADESA’s Tom Kontos, wholesale used-vehicle prices rose by 3.1 percent in December vs. November.

Tags: 2012, ADESA, Tom Kontos, Wholesale Pricing, wholesale used average

December 13, 2012 - Industry News

Kontos: Wholesale Prices Resume Decline After Sandy-Induced Spike

In its monthly report, ADESA Analytical Services found that wholesale used-car prices are declining once again after an uptick following Hurricane Sandy. The decline originally began this past spring.

Tags: ADESA, ADESA Analytical Services, Superstorm Sandy, Tom Kontos, used vehicles, Wholesale Pricing

October 9, 2012 - Industry News

September Wholesale Prices Fall Flat, ADESA Reports

Wholesale used-vehicle prices in September were flat with August and down from a year ago, an indication that the market has stabilized since prices softened this past spring, ADESA’s Tom Kontos says.

Tags: ADESA Analytical Services, Tom Kontos, Wholesale

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