Manheim, ADESA: August Used Vehicle Prices Dip

In August, wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.7% in August, the fourth consecutive monthly decline, according to Manheim Consulting. The August Manheim Used Vehicle Value Index was 121.8, down 0.4% from a year ago.

Manheim Used Vehicle Price Changes for Selective Market Classes (August 2014 vs. August 2013)

The downward movement in pricing reflects factors such as increased wholesale supplies and moderating retail demand, says Manheim.

For the major market classes, only pickups and vans, especially cargo vans, increased prices year-over-year. Luxury vehicles had the largest decline in wholesale pricing over the past year, says Manheim.

New vehicle sales sold at a seasonally adjusted annual rate of 17.4 million in August — the fastest since 2006, according to Manheim.

ADESA’s Monthly Used Vehicle Prices Analysis

ADESA also saw a decrease in wholesale used vehicle prices year-over-year and month-to-month. According to ADESA Analytical Services’ monthly analysis, August wholesale used vehicle prices averaged $9,592 — down 0.4% compared to August 2013 and down 1.6% compared to last month.

However, an improving economy and employment growth should help retail used vehicle sales in the coming months.

Wholesale Used Vehicle Price Trends

 Average Prices ($/Unit)  Latest Month Versus: 
  Aug-14 Jul-14 Aug-13 Prior Month Prior Year
Total All Vehicles $9,592 $9,743 $9,635 -1.6% -0.4%
Total Cars $8,442 $8,642 $8,720 -2.3% -3.2%
Compact Car $6,749 $6,708 $6,922 0.6% -2.5%
Midsize Car $7,833 $7,864 $7,976 -0.4% -1.8%
Fullsize Car $5,784 $6,854 $6,879 -15.6% -15.9%
Luxury Car $11,805 $12,117 $11,960 -2.6% -1.3%
Sporty Car $12,312 $12,578 $12,758 -2.1% -3.5%
Total Trucks $10,272 $10,318 $9,624 -0.4% 6.7%
Mini Van $6,128 $6,375 $6,127 -3.9% 0.0%
Fullsize Van $11,544 $10,967 $9,959 5.3% 15.9%
Mini SUV $12,422 $12,143 $11,323 2.3% 9.7%
Midsize SUV $7,415 $7,376 $7,024 0.5% 5.6%
Fullsize SUV $10,387 $10,221 $10,095 1.6% 2.9%
Luxury SUV $18,528 $19,295 $18,705 -4.0% -0.9%
Compact Pickup $7,330 $7,445 $7,053 -1.5% 3.9%
Fullsize Pickup $12,874 $12,966 $11,992 -0.7% 7.4%
Total Crossovers $11,954 $12,154 $12,752 -1.6% -6.3%
Compact CUV $10,671 $10,924 $11,486 -2.3% -7.1%
Mid/Fullsize CUV $13,202 $13,409 $14,063 -1.5% -6.1%

This Kontos Kommentary analysis is based on nearly six million annual sales transactions from more than 150 of the largest U.S. wholesale auto auctions, including those of ADESA as well as other auction companies. ADESA Analytical Services segregates these transactions to study trends by vehicle model class.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

Job Finder: Access Top Talent. Fill Key Positions.