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VIDEO: Kontos Kommentary for June 2017

VIDEO: Kontos Kommentary for June 2017


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Average wholesale prices in June were down versus May but up on a year-over-year basis. However, drilling down into the data once again clearly reveals price softening on a year-over-year basis when accounting for sale type, vehicle age, model class and mileage. Watch the June Kontos Kommentary below: To read the entire Kontos Kommentary used...
What Dealers Need to Know About Mobile Auctions

What Dealers Need to Know About Mobile Auctions


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This is a guest post from Jane Morgan, president of specialty auctions division at ADESA. At ADESA, we believe in providing our customers with as many channels as possible to buy or sell a vehicle or specialty unit. Mobile auctions are one of those platforms that can be customized to meet the unique demands or...
ADESA and KAR Companies Raise $28,000 for NIADA Foundation

ADESA and KAR Companies Raise $28,000 for NIADA Foundation


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We had another great turnout for our charity auction at the 2017 NIADA Convention and Expo in Las Vegas. A large crowd gathered to bid on a red 2016 Nissan Frontier SV crew cab pickup. Car City Super Center in Grand Rapids, Michigan, walked away with the truck with a winning bid of $28,000. The...
VIDEO: Kontos Kommentary for May 2017

VIDEO: Kontos Kommentary for May 2017


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Average wholesale prices in May were flat versus April but up on a year-over-year basis, primarily due to the strength of truck prices and a younger mix resulting from off-lease supply growth.  As introduced last month, a drill-down into the data clearly reveals price softening when accounting for sale type and vehicle age, model class...
VIDEO: Kontos Kommentary for April 2017

VIDEO: Kontos Kommentary for April 2017


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Average wholesale prices in April were up on both a month-over-month and year-over-year basis. As has been stated repeatedly in previous months, however, much of these supposed increases in used vehicle values are the result of strength in truck prices and growth in off-lease volumes. An analysis of sales prices by sale type, model-year age,...
Should Your Dealership Hire Interns?

Should Your Dealership Hire Interns?


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With U.S. auto sales experiencing record highs, car dealerships are noticing an unsettling side effect—an influx of jobs to fill and a shortage of skilled applicants. One possible solution? An internship program. While you may approach the thought with some skepticism, dealerships that successfully commit to investing in interns receive a multitude of benefits that...
VIDEO: Kontos Kommentary for March 2017

VIDEO: Kontos Kommentary for March 2017


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The tale of two markets resumed in March, as wholesale prices were below year-ago levels for cars and above prior year for trucks. Nevertheless, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs of the traditional spring/tax season market typical for used vehicles. Watch the March...
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...