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VIDEO: Kontos Kommentary for February 2017

VIDEO: Kontos Kommentary for February 2017


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Further concrete evidence of price softening appeared in February as prices uncharacteristically, and unseasonably, softened rather than firmed versus January.  Prices fell for virtually all model years and all model classes.  Prices were still up on a year-over-year basis, but this was again primarily due to the influx of younger off-lease units. Watch the February...
VIDEO: Kontos Kommentary for January 2017

VIDEO: Kontos Kommentary for January 2017


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Considering the increased supply of used vehicles wholesaled in January, used vehicle prices held up surprisingly well, despite soft retail demand and high new vehicle incentives. Nevertheless, pockets of supply-driven weakness did appear in rental program and risk units, and younger vehicles in general. Watch the January Kontos Kommentary below: To read the entire Kontos...
Catch ADESA at NADA 2017

Catch ADESA at NADA 2017


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Each year, we look forward to attending the National Automobile Dealers Association (NADA) Convention and Expo. It’s an opportunity for ADESA and the KAR group of companies to join thousands of dealers and automotive professionals to discuss industry trends and connect with customers and business partners from across the globe. This year is even more...
VIDEO: Kontos Kommentary for December 2016

VIDEO: Kontos Kommentary for December 2016


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Wholesale prices did a bit of an about-face in December, as truck price softening, perhaps influenced by higher gasoline prices, drove down overall results. New vehicle incentive activity also remained high, which, along with higher fleet sales, helped the year close out with a new record in sales but put downward pressure on wholesale values....
VIDEO: Kontos Kommentary for November 2016

VIDEO: Kontos Kommentary for November 2016


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Trucks continue to drive overall average wholesale prices upward, while car price softening more directly reflects supply growth for the used vehicle market in general. A new threat to used vehicle prices seems to be arising from increased new vehicle incentives, which have been relatively benign through this cycle of price softening, but which we...
ADESA Auctions Take On the Culinary Challenge for Charity

ADESA Auctions Take On the Culinary Challenge for Charity


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Several ADESA auctions helped Chrysler Capital/Santander Consumer USA raise money for charity by taking part in the 3rd annual Culinary Challenge for Charity. At each participating auction, a representative from the auction went head-to-head in a cooking competition with a Santander rep, each making his or her own version of the chosen dish. Spectators voted...
ADESA Chicago Car Wrap Campaign Wins Design Award

ADESA Chicago Car Wrap Campaign Wins Design Award


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Recently we celebrated the first sale at ADESA Chicago, and the good news from that location continues to roll in. We’re proud to announce that one of our marketing campaigns for the new facility was recently honored with a graphic design award. One creative idea we had to promote the new auction and build name...
VIDEO: Kontos Kommentary for October 2016

VIDEO: Kontos Kommentary for October 2016


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The softening wholesale price environment became more apparent in October, as wholesale supply continues to grow while retail demand weakened. A point I have not seen noted by other analysts is that new vehicle sales for the year finally fell behind last year’s year-to-date levels, indicating that 2016 will not match 2015 record in total...
VIDEO: Kontos Kommentary for September 2016

VIDEO: Kontos Kommentary for September 2016


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Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units. Retail used vehicle sales, including CPO sales, were relatively weak, though both remain up for the year. To read the entire Kontos Kommentary used vehicle market...