CARMEL, Ind. -

ADESA’s Tom Kontos surmised that traffic with used-vehicle showrooms is keeping price action in the lanes strong.

According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices in November averaged $9,750, up 1.7 percent compared to October and 2.1 percent relative to November of last year.

Kontos mentioned that minivan prices were particularly strong, reflecting an influx of well-equipped, good-condition, late-model units from rental and commercial de-fleeting.

“Strong retail demand continued to buoy wholesale used-vehicle prices in November as average prices rose on both a month-over-month and year-over-year basis,” Kontos said in his monthly commentary that ADESA released on Thursday.

“As noted in last month’s results, however, some of the increase is due to a shift in the mix of vehicles being sold at auction towards younger off-rental and off-lease units as opposed to older dealer consigned vehicles,” he continued.

“Still, the price buoyancy is encouraging to consignors, who have been bracing themselves for price softening in light of increasing vehicle supply, and to dealer buyers, who are profitably retailing these units,” Kontos went on to say.

ADESA determined prices for used vehicles remarketed by manufacturers moved 3.6 percent higher month-over-month and 3.0 percent higher year-over-year.

The auction company indicated prices for fleet/lease consignors ticked up 0.4 percent sequentially and 5.1 percent annually.

Furthermore, Kontos mentioned dealer consignors saw a 0.8-percent average price increase versus October, but a 0.8-percent downturn versus November of last year.

Based on data from CNW Research, Kontos noted retail used-vehicle sales softened 1.0 percent month-over-month but jumped 7.6 percent on a year-over year basis in November.

Similarly, Kontos cited figures from Autodata Corp. that determined November sales of certified pre-owned vehicles dipped 0.7 percent from the prior month but soared 19.3 percent from the prior year.

ADESA Wholesale Used-Vehicle Price Trends
   Averge  Price  ($/Unit)  Latest  Month Versus
   Nov. 2013  Oct. 2013  Nov. 2012  Prior Month  Prior Year
           
 Total All Vehicles  $9,750  $9,590  $9,554  1.7%  2.1%
           
 Total Cars  $8,531  $8,455  $8,602  0.9%  -0.8%
 Compact Car  $6,675  $6,695  $6,848  -0.3%  -2.5%
 Midsize Car  $7,950  $7,735  $7,789  2.8%  2.1%
 Full-size Car  $6,555  $7,049  $7,674  -7.0%  -14.6%
 Luxury Car  $11,973  $11,597  $11.807  3.2%  1.4%
 Sporty Car  $12,002  $12,102  $11.959  -0.8%  0.4%
           
 Total Trucks  $10,198  $9,963  $9,666  2.4%  5.5%
 Minivan  $7,740  $6,920  $6,971  11.8%  11.0%
 Full-size Van  $9,669  $9,969  $9,471  -3.0%  2.1%
 Mini SUV  $11,471  $11,380  $10,592  0.8%  8.3%
 Midsize SUV  $7,039  $7,013  $6,828  0.4%  3.1%
 Full-size SUV  $11,194  $11,217  $11,344  -0.2%  -1.3%
 Luxury SUV  $19,130  $18,781  $18,631  1.9%  2.7%
 Compact Pickup  $7,223  $7,105  $7,158  1.7%  0.9%
 Full-size Pickup  $12,231  $11,927  $11,398  2.5%  7.3%
           
Total Crossovers  $12,760  $12,573  $12,777  1.5%  -0.1%
 Compact CUV  $11,143  $11,161  $10,745  -0.2%  3.7%
 Mid/Full-size CUV  $14,344  $14,031  $15,157  2.2%  -5.4%

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