Managing the Financial Side of Commercial Fleets

Fleet Lease Consignor Prices Fall 1.9% in December

January 22, 2018

Average wholesale prices for fleet lease vehicles were down 1.9% month-over-month, but up 0.4% year-over-year, according to Tom Kontos, KAR Auction Services' chief economist.

In his monthly report, Kontos stated that midsize cars in the fleet consignors experienced a 2.8% decline in average price on a year-over-year basis during December. Meanwhile, midsize SUV/CUVs experienced a 0.3% rise in average price, he reported.

“Although Midsize SUV/CUV prices were up in December in this analysis, the increase was modest compared to September through November. This may be indicative of a cessation in truck demand growth in Texas after Hurricane Harvey,” Kontos said.

Overall wholesale used vehicle prices in December averaged $10,804, up 0.1% over the previous month and up 1.5% from the same time last year.

Average wholesale prices for used vehicles remarketed by manufacturers were down 3.3% month-over-month, but up 8.3% year-over-year, Kontos added.  

Looking at franchised and independent dealers, December retail used vehicle sales were down a combined 3.4% year-over-year, according to the National Automobile Dealers Association. Certified pre-owned sales during the month were up 9.0% compared to the prior month, and up 4.8% year-over-year, according to Autodata.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

E. Pierce Walsh was the director of fleet management for IC Industries, Inc. of Chicago during the 1980s.

Read more

Up Next

More From The World's Largest Fleet Publisher