Summary The 2019 spring/tax season used vehicle market came to an end appropriately in June, as average wholesale prices fell on a month-over-month basis, although they were up year-over-year. Solid retail used vehicle sales again provided demand-side support for wholesale values. Watch my June Kontos Kommentary below: Details According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class1, wholesale used vehicle prices in June averaged $11,478 – down 1.6% compared to May but up 5.4% relative to June 2018. Car and SUV/Crossover prices were hardest hit; van and pickup truck prices held up better. When holding constant for sale type, model-year age, mileage, and model class segment — using criteria that characterize off-lease units — prices were up more significantly on a year-over-year basis for midsize cars than for midsize SUV/CUVs, as seen in the following table: Average wholesale prices for used vehicles remarketed by manufacturers were up 4.6% month-over-month and up 6.8% year-over-year. Prices for fleet/lease consignors were down 2.0% sequentially and up 4.3% annually. Average prices for dealer consignors were up 1.6% versus May and up 7.3% relative to June 2018. Based on NADA data, retail used vehicle sales by franchised […]