Overdrive by ADESA
Posts tagged "Tom Kontos"
VIDEO: Kontos Kommentary for January 2019

VIDEO: Kontos Kommentary for January 2019


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Average wholesale prices in January fell on a year-over-year basis for the third month in a row, though they were up seasonally. Auction prices for off-lease units were again a major bright spot, as upstream remarketing continues to be effective in distributing supply across multiple channels. Watch my January 2019 Kontos Kommentary below: To read...
VIDEO: Kontos Kommentary for December 2018

VIDEO: Kontos Kommentary for December 2018


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Average wholesale prices in December softened on a year-over-year basis for the second month in a row and for the seventh time in 2018, supporting our expectation of general price softening due to supply growth. Supply growth is increasingly concentrated in the truck segments, which consequently saw greater price softening in December than did cars. ...
VIDEO: Kontos Kommentary for November 2018

VIDEO: Kontos Kommentary for November 2018


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Average wholesale prices in November softened on a year-over-year basis in part from comparison to last year’s inflated prices from Hurricanes Harvey and Irma. Still, prices were down on a month-over-month basis in November at a greater-than-seasonal level, indicating weaker market conditions. Off-lease units remain a major bright spot, as these vehicles are scarcer at...
Nearly 20 ADESA and KAR Speakers to Attend Used Car Week 2018

Nearly 20 ADESA and KAR Speakers to Attend Used Car Week 2018


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Next week, many of my colleagues and I will be excited to attend Used Car Week—an annual event that brings together leaders of the remarketing and used vehicle industry for fun and educational workshops, panel discussions and networking opportunities. This year we descend upon Scottsdale, Arizona, for the week-long conference. In previous years, we’ve had...
VIDEO: Kontos Kommentary for September 2018

VIDEO: Kontos Kommentary for September 2018


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As the wholesale used vehicle market enters the period of time comparable with last year’s hurricane season, wholesale prices will be challenged to meet last year’s high, demand-driven levels. This is reflected in average wholesale prices in September, which fell on both a month-over-month and year-over-year basis, and significantly lower retail used vehicle sales than...
VIDEO: Kontos Kommentary for August 2018

VIDEO: Kontos Kommentary for August 2018


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Retail demand and upstream remarketing were key contributors to wholesale used vehicle price growth in August, as prices were up on a month-over-month and year-over-year basis. Car prices in total went up 2.2% month-over-month, while truck prices rose 1.0%, indicating that car segments are now in better supply-demand balance. When holding constant for sale type,...
VIDEO: Kontos Kommentary for July 2018

VIDEO: Kontos Kommentary for July 2018


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After four months of year-over-year declines, average wholesale used vehicle prices registered a slight increase in July. However, this was primarily due, once again, to a shift in sales mix towards the truck model classes and the continued influx of younger off-lease vehicles, both of which have been tending to drive up average prices. Still,...
VIDEO: Kontos Kommentary for June 2018

VIDEO: Kontos Kommentary for June 2018


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Average wholesale used vehicle prices registered their fourth consecutive year-over-year price decline in June and also fell on a monthly basis at a greater-than-seasonal clip. The wholesale market has reached a steadier state in terms of “mix” than existed a year ago or two years ago, when an influx of younger, off-lease vehicles and a...
VIDEO: Kontos Kommentary for May 2018

VIDEO: Kontos Kommentary for May 2018


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Average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers. Wholesale prices remain strong for off-lease vehicles, which, as noted last month, is testimony to the effectiveness of upstream sales in preventing...