Average wholesale prices in September were up month-over-month and year-over-year, bolstered by dealer demand in the hurricane-stricken regions. This impact may be waning and prices are likely to resume the softening pattern seen prior to these catastrophic events.

In short, Harvey and Irma seem to have resulted in an impact to wholesale prices like that seen in the aftermath of Sandy: a lift of limited duration, geographic scope, and magnitude, but a lift nonetheless.

Another underlying factor is the stop-sale of manufacturer units involved in recalls, which is keeping some of the supply growth, and the inevitable downward pressure on prices, at bay. This too should resolve itself with time, resulting in a return to the softening price trend seen previously.

Watch my September Kontos Kommentary below:

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