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Off-Rental Units Surge but Softening Pattern Resuming, Kontos Said
2013-03-10 21:25:47| AutomotiveDigest.com - Automotive Industry News
Wholesale prices rose sequentially and on year-over-year basis in January partly due to influx of off-rental units that biased average prices upward, said Tom Kontos, Executive VP, Customers Strategies & Analytics for ADESA Analytical Services. Average prices of off-rental units were biased upward, with a disproportionate share of late-model used vehicles. One can expect wholesale prices to resume their general softening pattern that began around mid-2012 and that was interrupted. Wholesale prices were up 2.5% over December and 1.3% over January 2012; the strongest price increases were registered by. Click here to read the entire Kontos Kommentary report on the January wholesale and retail used vehicle market. The Article Off-Rental Units Surge but Softening Pattern Resuming, Kontos Said appeared first on Automotive Digest.
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Category:Automotive