Average wholesale prices in November softened on a year-over-year basis in part from comparison to last year’s inflated prices from Hurricanes Harvey and Irma.

Still, prices were down on a month-over-month basis in November at a greater-than-seasonal level, indicating weaker market conditions.

Off-lease units remain a major bright spot, as these vehicles are scarcer at physical auctions, despite growth in lease terminations, because more of these units are being purchased upstream.

Watch my November Kontos Kommentary below:

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