Summary The spring/tax season market reached full-bloom in April as average wholesale prices reached what will likely be peak or near-peak levels for the year based on historical seasonal trends. Car prices moved in parity with truck prices overall on a month-over-month basis and showed particular strength in the off-lease segment at physical auctions. Watch my April 2019 Kontos Kommentary below: Details According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in April averaged $11,489 – up 3.6% compared to March and up 3.4% relative to April 2018. Fullsize cars and minivans were the only segments that did not show month-over-month average price increases, and their declines were modest. When holding constant for sale type, model-year age, mileage, and model class segment — using criteria that characterize off-lease units — prices were up significantly on a year-over-year basis for midsize cars but down substantially for midsize SUV/CUVs, as seen in the following table: Average wholesale prices for used vehicles remarketed by manufacturers were up 2.9% month-over-month but down 1.6% year-over-year. Prices for fleet/lease consignors were up 4.4% sequentially and up 4.3% annually. Average prices for dealer consignors were up […]