Used Pickups, Vans Start 2017 Strong

Price changes for selective market classes for January 2017 versus January 2016. Courtesy of Manheim.
Price changes for selective market classes for January 2017 versus January 2016. Courtesy of Manheim.

Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) slipped slightly in January. That brought the Manheim Used Vehicle Value Index to 124.8, a decline of 0.3% from a year ago.

The theme that played throughout 2016 continued into the start of 2017 as wholesale pricing remained stable despite sharply rising supplies, says Manheim.

In January, rental risk prices (adjusted for broad shifts in mix and mileage) were flat relative to December and remained down 4% year-over-year, according to Manheim. In January, small and midsize crossovers accounted for 26.4% of all rental risk units sold at auction, up from 21.5% a year ago.

Meanwhile, small and midsize cars accounted for 45.9% of rental risk auction sales this year versus 51.7% last year, according to Manheim.

New vehicle sales into rental declined by approximately 7% in January relative to last year’s heavily front-loaded purchasing pattern. Strong auction volumes in January thus suggest that rental fleet sizes were reduced, according to Manheim.

On a year-over-year basis, 2017 started the same as all of 2016 — trucks and crossovers up, cars down. In January alone, however, compact cars eked out a small gain, says Manheim.

January Used Vehicle Index, courtesy of Manheim
January Used Vehicle Index, courtesy of Manheim

Comment On This Story

Name:  
Email:  
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

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>