RIO LINDA, Calif. -

In the latest video report on wholesale activity, John Brasher of Brasher's Sacramento Auto Auction noted that prices appear to be softening, thanks to a market correction that was “probably needed.”

He also talked about the sale early last week in his neck of the woods at Brasher’s Sacramento.

“There were close to 1,900 units today; great participation from all segments of the market  and a lot of bidding from the dealer body. Dealers needed vehicles today,” Brasher said in the latest Post Sale Report video.

He went on to say: “A few things have been affecting the market lately. September was a huge new-car month, not just across the nation, but here in Northern California. It was the best September since 2008. The SAAR was through the roof, close to 15 million (units).

“And as a result, a lot of trades were getting generated,” he continued. “That’s pushing the prices down on a lot of used inventory out there. That probably needed to happen because we’ve seen used prices climb for the past three or four years, so this adjustment was probably necessary.”

To see what else Brasher had to say, check out the latest report.