Average wholesale prices in July were down month-over-month and only up on a year-over-year basis largely on the strength of pickup truck prices.

Drilling down into the data once again clearly reveals price softening on a year-over-year basis when accounting for sale type, vehicle age, model class and mileage.

Retail sales have softened this summer and have not been providing the demand-side support for wholesale values they once were.

Watch the July Kontos Kommentary below:

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