CARMEL, Ind. -

Contrary to previous reports, on Tuesday ADESA’s Tom Kontos shared that October average wholesale prices “partially reversed declines” seen in previous months. And the same day, NADA reported the largest used vehicle price drop since October 2011.

First up, according to ADESA Analytical Services’ monthly analysis, auction prices in October averaged

 $9,590, up 1.2 percent compared to September. Though up month-over-month, this rate represents a 1.8 percent decline when compared to October 2012.

“Prices remained down on a year-over-year basis, but even this decline masks underlying strength, in that this October’s results are being measured against tough comparables from last October’s temporary price strength stemming from Superstorm Sandy,” said Kontos, ADESA chief economist, in the October edition of Kontos Kommentary.

Kontos went so far as to call the uptick in October “remarkable” as used supply continued to grow.

Trucks, a segment that has seen stronger price retention than most this year, saw the biggest price spike this past month, as well.

Overall, the average wholesale price for trucks in October was $9,963, up from $9,727 in September, according to ADESA. This marks a 2.4 percent increase month-over-month and a 1.8 percent increase from the same period of 2012.

Though quite a bit smaller, cars still saw a slight uptick in October, as well. The average price for wholesale cars in October came in at $8,455, up a bit from September’s rate of $8,433. This move represented a 0.3 percent rise month-over-month.

Kontos explained that some of last month’s increases are directly related to “more high-priced program units remarketed by manufacturers.”

With that in mind, he predicts that wholesale used-vehicle prices will continue to be pushed down in the coming months as more off-lease units and overall used supply volume growth hits the lanes.

Interestingly, on Monday, Black Book reported a bit of a different story.

According to Black Book data, prices in the lanes dropped by almost double the rate seen in September, following seasonal trends dealers have come to expect.

Black Book senior vice president and editorial director Ricky Beggs reported that used vehicles model years 2008-2012 depreciated by 2.1 percent in October. This was up considerably from the 1.3 percent price drop reported in September, according to Black Book data.

For more on Black Book's take on October wholesale prices, see the Auto Remarketing story here.

And as the NADA November Guidelines report was relased on Tuesday, the organization reported that wholesale used vehicle prices for units up to 8 years in age fell by 3.5 percent in October, nearly a point higher than the decline recorded in September.

This marked the largest fall since October 2011's similar drop of 3.5 percent, NADA reported.  

"Without the drama created by federal lawmakers that resulted in the shutdown, it's likely that October's rate of decline would have been directly in line with recent seasonal norms," said Jonathan Banks, executive automotive analyst for the NADA Used Car Guide.

Editor’s Note: For more from NADA’s November Guidelines report, see the Thursday edition of Auto Remarketing Today.

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