Average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers.

Wholesale prices remain strong for off-lease vehicles, which, as noted last month, is testimony to the effectiveness of upstream sales in preventing oversupply of these units at physical auctions.

Watch my May Kontos Kommentary below:

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