Average wholesale used vehicle prices registered their fourth consecutive year-over-year price decline in June and also fell on a monthly basis at a greater-than-seasonal clip.

The wholesale market has reached a steadier state in terms of “mix” than existed a year ago or two years ago, when an influx of younger, off-lease vehicles and a shift towards truck model classes inflated average prices. As a result, current average price trends are more indicative of actual price softening than at this time last year.

Parity is also being reached between sales price trends for cars and trucks, with both now generally softening at similar rates. Nevertheless, prices remain strong for off-lease vehicles, as supply growth in that sector is being neutralized by upstream sales.

Watch my June Kontos Kommentary below:

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