Latest Pulse Report from ADESA Now Available
LAS VEGAS — In the latest issue of Pulse, which has been released in conjunction with the National Auto Auction Association/CAR Conference, ADESA Analytical Services offers a review of macro- and microeconomic indicators that are impacting the remarketing industry.
The new edition offers a recap of 2009 and an outlook for 2010. Also, in a special fold out section, ADESA provides a look back at the decade that just ended.
"If 2008 was the year of a bell-to-bell recession marked by a credit crunch and volatility in gas prices, 2009 was a tale of two halves. The first half saw the recession deepen in the first quarter and lessen in the second, while the second half displayed the beginnings of what hopefully will turn out to be a sustainable recovery, i.e., one not dependent on fiscal and monetary stimulus," said Tom Kontos, of ADESA.
"2009 also marked the end of the first decade of the new millennium. New-vehicle sales started the decade at record highs and ended at lows not seen since the 1980s. Used-vehicle sales held up better, dropping by about half the rate that new-vehicle sales fell after 2005," he continued.
Moreover, Kontos indicated that auction sales volumes tended to remain relatively stable throughout the decade, reflecting strong growth in vehicles in operations. Another factor that played a part in this was the diversity of volumes coming from different supply sources.
"Nevertheless, auction supplies did tighten in 2009," he highlighted. "Supported by strong demand, this caused wholesale prices to firm and kept conversion rates high throughout the year," he added.
"As we look forward to 2010 and the beginning of a new decade, the economic indicators covered in this report bode well for an improvement in new- and used-vehicle sales versus 2009. Wholesale prices should continue to firm on a year-over-year basis, though they will exhibit their traditional seasonal fluctuations," he concluded.
For a copy of the latest Pulse report, look for Kontos, who will be at the NAAA/CAR conference handing them out.
Copies can also be obtained by contacting:
ADESA Analytical Services
13085 Hamilton Crossing Boulevard
Carmel, IN 46032
(800) 923-3725, ext. 4367