McLEAN, Va. -

Though the storm has long dispersed, Hurricane Sandy is still making waves as wholesale prices continue to rise as a direct result of the recent superstorm.

According to NADA Used Car Guide, the average wholesale vehicle price is expected to reach $14,025 over the course of the current week, which equates to a 1.1 percent, or $150, lift over the two-week average of $13,875.

And these are unseasonably high rates, NADA UCG officials explained, but the trend is expected to continue with used prices remaining strong through the end of the month and into 2013.

“The expected increase in prices over the course of the current week could be an indicator that the normal seasonal lift in wholesale prices might be coming a few weeks early this year,” officials added.

It seems inventory issues in the Northeast, in part worsened by the storm, may be another big factor that could be pushing wholesale prices up, the organization explained.

Increased demand from rental fleet companies and dealers may be contributing to the price spikes in the lanes.

Breaking the numbers down by segment, prices for compact and midsize cars are expected to grow by 1.6 percent and 0.4 percent, respectively.

On the truck side prices for compact and midsize utilities are also expected to increase by 0.8 percent and 0.5 percent, respectively, according to NADA UCG data.

Prices for midsize vans have leveled off and expected to slip by an average of 0.7 percent or $75. The current midsize van weekly average of $11,275 is still $250 higher than the 4-week average of $11,025, officials added.

On the other hand, large pickup and SUV prices are expected to remain relatively flat as only the pickup segment is expected to see a slight 0.3-percent lift.

Moving to the luxury side, both the car and utility segments are expected to decline by 0.2 percent and 0.3 percent, respectively.

Four- and two-week AuctionNet wholesale average prices are created by collecting all AuctionNet records for vehicles  up to five years of age for a specified period of time.  Prices are then adjusted for changes in mileage and mix.

Current week prices are based on NADA's proprietary used-vehicle value model which includes assumptions for new-vehicle prices, used-vehicle supply, gasoline prices, and other economic factors.
 

NADA Segment Average AuctionNet® Wholesale Price 2-Week v. Current
4-Week Average 2-Week Average Current Week % Change $ Change
Compact Car $9,175 $9,200 $9,350 1.6% $150
Compact Utility $13,125 $13,150 $13,250 0.8% $100
Industry Average $14,000 $13,875 $14,025 1.1% $150
Large Pickup $17,650 $17,600 $17,650 0.3% $50
Large SUV $21,200 $20,825 $20,825 0.0% $0
Luxury Car $21,975 $22,025 $21,975 -0.2% ($50)
Luxury Utility $24,675 $24,500 $24,425 -0.3% ($75)
Mid-Size Car $11,125 $11,175 $11,225 0.4% $50
Mid-Size Utility $15,500 $15,225 $15,300 0.5% $75
Mid-Size Van $11,025 $11,350 $11,275 -0.7% ($75)