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Tom Kontos

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July 17, 2017 - Industry News

Kontos: Wholesale Prices Softening Despite YOY Increase in June

Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said this week.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos, Wholesale Pricing

May 22, 2017 - Industry News

Kontos: Wholesale Prices Show Strength Again in April

Average wholesale used-vehicle prices reached $11,141 in April, a 2.2% increase from March and a 2.5% increase from a year ago, Tom Kontos reported. The only three segments registering declines were compact, mid-size, and luxury cars.

Tags: Tom Kontos, used-vehicle sales, wholesale values

April 24, 2017 - Industry News

Kontos: Tale of Two Markets Resumes in March

While wholesale prices were below year-ago levels for cars, they were up for trucks. The revelation prompts KAR Auction Services' chief economist to revisit a study he began during the industry's first experience with $4 gas back in 2008, when the price gap between trucks and cars closed dramatically.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos

March 22, 2017 - Industry News

Kontos: Used-Vehicle Prices Soften 'Uncharacteristically' in February

February provided “further concrete evidence of softening” of used-vehicle prices, ADESA's Tom Kontos wrote in his monthly Kontos Kommentary.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle prices, Wholesale Pricing

February 28, 2017 - Industry News

Kontos: January Wholesale Prices Rise 6.7% YOY

Wholesale used-vehicle prices in January averaged $10,945, a 6.7% increase from a year ago and a 2.8% rise from the prior month, according to ADESA Analytical Services.

Tags: ADESA, certified pre-owned vehicles, Tom Kontos, used-vehicle sales, wholesale values

January 18, 2017 - Industry News

Kontos: December Wholesale Prices Fall, Up 3.9% YOY

Wholesale used-vehicle prices in December averaged $10,642, which was essentially flat with the prior month but up 3.9% from a year ago, according to ADESA Analytical Services.

Tags: ADESA, Kar Auction Services, Tom Kontos, used-vehicle values, Wholesale Pricing

November 16, 2016 - Industry News

Kontos: Wholesale Prices Up Year Over Year, Down From September

As has been the case for much of the year, average wholesale used-car prices were down on a year-over-year basis. In October, the average wholesale used-vehicle price fell by 1.2% compared to the year before. Trucks, on the other hand, continued to realize year-over-year increases in wholesale prices. Compared to last year, truck prices are up 5.1%.

Tags: ADESA, ADESA Analytical Services, Tom Kontos, used vehicles, Wholesale Pricing

September 27, 2016 - Industry News

Kontos: Average Wholesale Price in August Up 4.6% YOY

ADESA's chief economist reported this week that the continued strength of the truck segment drove a year-over-year increase in wholesale prices, while weak car sales contributed to a month-over-month price decline.

Tags: ADESA, remarketing, Tom Kontos, used vehicles, Wholesale Pricing

July 12, 2016 - Industry News

Kontos: Strong Truck Values Drive 3.3% Increase in Wholesale Prices in June

Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis thanks to the continued price strength of trucks, according to ADESA Analytical Services.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, used-vehicle values

January 13, 2015 - Industry News

Wholesale Used-Car Prices Down Slightly in December, Kontos Reports

Average wholesale used-vehicle prices fell modestly in December but remained up on a year-over-year basis, according to a report from ADESA’s Chief Economist Tom Kontos.

Tags: ADESA, Autodata Corp, Tom Kontos, Wholesale Pricing

November 12, 2014 - Industry News

October Wholesale Prices Reveal Market Softness

ADESA’s chief economist says off-rental program vehicles kept wholesale prices artificially high in October. They also masked softness in a market that is facing high incoming supply.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, Wholesale Pricing

June 11, 2014 - Industry News

Wholesale Prices Soften in May

The softening of wholesale prices in May could be a precursor to further softening, according to Tom Kontos, chief economist for ADESA Analytical Services.

Tags: ADESA, Autodata Corp, CNW Research, Tom Kontos, Wholesale Pricing

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