As the wholesale used vehicle market enters the period of time comparable with last year’s hurricane season, wholesale prices will be challenged to meet last year’s high, demand-driven levels.

This is reflected in average wholesale prices in September, which fell on both a month-over-month and year-over-year basis, and significantly lower retail used vehicle sales than last year.

Prices for off-lease units remained strong, however, as upstream remarketing continues to deny volume from physical auctions and causes dealers unable or unwilling to participate in online-only auctions to bid aggressively on the remaining downstream units.

Watch my September Kontos Kommentary below:

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