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 Kommentary below:

To read the entire Kontos Kommentary used vehicle market outlook for April 2018, visit http://adesa.com/kontos-kommentary.