Overdrive by ADESA
Posts tagged "Tom Kontos"
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...
VIDEO: Kontos Kommentary for April 2018

VIDEO: Kontos Kommentary for April 2018


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Average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April. However, April prices were seasonally strong, despite softer retail demand. Prices appeared to be particularly strong for off-lease vehicles, which is testimony to the effectiveness of upstream sales in preventing oversupply of these units at physical auctions. Watch my April Kontos...
Catch ADESA at NADA Show 2018

Catch ADESA at NADA Show 2018


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From March 22–25, the ADESA team will return to sunny Las Vegas for NADA Show 2018. NADA Show allows us the opportunity to connect with customers and automotive industry professionals, raise money for a great cause and announce our latest marketplace offerings for dealers. This year’s expo will feature hundreds of exhibitors, dozens of educational...
VIDEO: Kontos Kommentary for January 2018

VIDEO: Kontos Kommentary for January 2018


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Wholesale used vehicle prices started the year in the pattern that characterized much of 2017 in the months prior to hurricane season. Namely, car prices tended to fall while truck prices provided a boost to average wholesale values. In January, car prices continued to show year-over-year price declines, while truck prices did the opposite, but...