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, model-year age, mileage, and model class segment, prices were up significantly on a year-over-year basis for both midsize cars and midsize SUV/CUVs.

Watch my August Kontos Kommentary below:

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