In his debut commentary video, ADESA chief economist revisited one of the year’s most notable events — average wholesale vehicle prices softening below $10,000 last month.

To be exact, wholesale used-vehicle prices for July came in at an average of $9,878, a 3-percent drop from June, but a 1.4-percent increase relative to July 2014, according to the Kontos Kommentary that ADESA releases each month.

“This has been indicative of the kind of price softening we have been anticipating to be the case because of the supply growth that we’ve seen in the used-car market for some time,” Kontos said in his video that’s available in the above window. “This has been something we’ve been discussing in the Kontos Kommentary for several months now.

Kontos touched on how he plans to offer more analysis through videos on ADESA’s YouTube channel.

“We’re very excited to provide this to you,” Kontos said. “We look forward to doing more of these in the future.”