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, mileage and model class segment reveals that prices actually fell in April on both a month-over-month and year-over year basis (please see “Details” below) for two bellwether model classes. This drill-down is more reflective of the downward pressure of supply growth on used vehicle values.

Watch the April Kontos Kommentary below:

To read the entire Kontos Kommentary used vehicle market outlook for April 2017, visit http://adesa.com/kontos-kommentary.