Wholesale used vehicle prices softened again in September

Wholesale used vehicle prices softened again in September, their fifth monthly decrease in a row.

ADESA reports that September’s modest year-over-year increase in average prices reflects a higher percentage of institutional sales of late-model vehicles this year versus last. This masks
the softness in prices seen by looking at those sales on a disaggregated basis. Improved retail sales of used vehicles after a tough summer cushioned the blow to wholesale prices.

 

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