According to economist Tom Kontos, the month of October saw weaker used car vehicle sales and prices. Even with a somewhat restricted supply of used cars, market strength was not there in October. Auction conversion rates were down significantly in September and October. In addition, there has currently been a rising volume of off-lease units coming to auctions.

Wholesale used car prices fell in October to an average of $9721 from $9849 in Sptember. The overall market for vehicles saw truck prices up 4.9% year over year, and car prices down 1.6%. Total units sold buy manufacturers were down 5%. Lastly, used vehicle prices are becoming more competitive with new vehicles.

Source from: ADESA, November 20, 2007