Large pickups showing biggest price drop at auction, according to Auto Remarketing.
Auction price drops are expected to remain consistent with last week’s movement, with wholesale prices once again predicted to drop by an average of 0.5 percent or $75, according to NADA’s AuctionNet data. But there’s one exception.
Interestingly enough, even though overall price declines are predicted to be moderate this week, large pickups are expected to buck the trends and see the biggest price drop.
This segment has shown strong price retention through most all of 2014, but NADA expects this segment to drop by an average of 1 percent, or $225, this week.
In a recent interview with Black Book, ADESA chief economist Tom Kontos predicted price strength for trucks may begin to reverse in coming months, albeit the switch might come slow.