Based on data from CNW Marketing/Research, August sales for retail used vehicle sales were up 4.7% o

Wholesale prices reversed course in August and increased both sequentially and annually. Key drivers cheap hotel amsterdam were strong retail sales and a decline in new vehicle incentives. But growing wholesale volumes cheap hotel amsterdam should keep downward pressure on prices and increase the availability and selection of used vehicles for dealers, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
According to ADESA Analytical Services monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $9,654, up 2.3% compared to July and 1.4% relative to August 2012.
Prices for used vehicles remarketed by manufacturers were down 1.4% month-over-month but up 7.1% year-over-year, while prices for fleet/lease consignors were up 1.3% sequentially and 3.9% annually, according to ADESA. For dealer consignors, there was a 0.4% average price increase versus July 2013 but a 0.4% downturn versus August 2012.
Based on data from CNW Marketing/Research, August sales for retail used vehicle sales were up 4.7% on a year-over year basis. According to Edmunds data, new vehicle sales in August increased to the 16 million unit level despite a 3.6% month-over-month drop in new vehicle incentives.
This Kontos Kommentary cheap hotel amsterdam analysis is based on nearly six million annual sales transactions from more than 150 of the largest U.S. wholesale auto auctions, including those of ADESA as well as other auction companies. ADESA Analytical Services segregates these transactions to study trends by vehicle model class.