Dealers could face gap between rising wholesale values & slowing used-car retail prices
Wednesday, Mar. 22, 2023, 03:54 PM
Joe Overby, Senior Editor
Wholesale vehicle prices closed 2022 having declined sequentially for seven months in a row, reaching at average of $14,316 for December, which was down 0.9% month-over-month and 11.8% year-over-year, according to ADESA chief economist Tom Kontos’ analysis of the market.
Since then, Kontos said by phone Wednesday, wholesale prices have risen approximately $1,500, as values so far in March are around $15,500.