Dec 2023

Used Vehicle Market Conditions

After a period of relative stability, average wholesale used vehicle prices have resumed their general decline, as any impacts from the United Auto Workers (UAW) strike recede and seasonal patterns take over. Total retail used vehicle sales and Certified Pre-Owned (CPO) sales have also softened.

According to ADESA US Analytical Services’ monthly analysis of auction industry used vehicle prices by vehicle model class, wholesale prices in October averaged $14,589—down 3.8% compared to September, down 4.3% relative to October 2022, and up 31.6% versus pre-pandemic / October 2019.