Overdrive by ADESA
Posts tagged "Tom Kontos"
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...
VIDEO: Kontos Kommentary for November 2017

VIDEO: Kontos Kommentary for November 2017


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Average wholesale prices in November were down month-over-month more significantly than in October and, despite being up modestly on a year-over-year basis, are indicative of an end to the price boost from Hurricanes Harvey and Irma. Retail used vehicle demand was soft for the month as well, although CPO sales were solid. Watch my November...
VIDEO: Kontos Kommentary for October 2017

VIDEO: Kontos Kommentary for October 2017


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Average wholesale prices in October were down only modestly month-over-month and were up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma. Watch my October Kontos Kommentary below: To read the entire Kontos Kommentary used vehicle market outlook for October 2017, visit http://adesa.com/kontos-kommentary.