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ADESA and NADA UCG Analysis Similar to Other Market Reports

2013-06-24 23:15:59| AutomotiveDigest.com - Automotive Industry News

Kontos Kommentary and NADA Used Car Guide had numbers and analysis similar to other markets released lately prices are down but overall conditions are stabilizing, all things considered. ADESA Analytical Services Tom Kontos said year-over-year wholesale price softening continued in May as they did February through April. Difference this time was that prices fell on a month-over-month basis, indicating Spring/Tax season is winding down or over. NADA Used Car Guides Jonathan Banks said May prices for units up to eight years old fell 2.1%. While it was largest drop since October 2012s 2.9%, months loss was relatively mild from seasonal standpoint. Certified pre-owned vehicles saw very strong sales volume month up 6.1% month-over-month, and 19.2% year-over-year, according to ADESA Analytical Services report. Losses of 3.3% for compact and 3.0% for mid-size cars significantly outpaced overall market decline for 2nd consecutive month, according to NADA Used Car Guide. The Article ADESA and NADA UCG Analysis Similar to Other Market Reports appeared first on Automotive Digest.

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