Further concrete evidence of price softening appeared in February as prices uncharacteristically, and unseasonably, softened rather than firmed versus January. Prices fell for virtually all model years and all model classes. Prices were still up on a year-over-year basis, but this was again primarily due to the influx of younger off-lease units.
Watch the February Kontos Kommentary below:
To read the entire Kontos Kommentary used vehicle market outlook for February 2017, visit http://adesa.com/kontos-kommentary.