Tagged Manheim Used Car Market Report

Rental Risk Unit Mileage Falls 13%

In December, the average mileage on rental risk units sold (38,600 miles) was similar to recent months, but it was 13% lower than a year ago, according to Manheim. The Manheim Index for December finished at 124.9, a decline of 0.6% year-over-year.

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Rental Risk Unit Prices in September Reach Record High

Wholesale used vehicle prices remained unchanged between August and September, remaining at 126.9 for September, which is a 1.7% increase from a year ago.

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Rental Risk Units Sold at Auction High For August

This could be a sign that stop-sale/stop-use units are being repaired and creating less demand for loaner vehicles, says Manheim.

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Lower Mileage Leads to Increase in Rental Risk Prices

Auction prices for rental risk units sold in July jumped 21% from a year ago because of lower average mileage and a richer mix of units sold, according to Manheim. Wholesale used vehicle prices increased for the fourth consecutive month.

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Wholesale Prices Reach Four-Year High

Manheim Index surge is driven by strength in pickups and vans — and rental risk units with substantially lower mileage.

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Rental Risk Prices Decline Again in May

Auction prices for rental risk units declined again in May, but the year-over-year decline was less than in April and March, according to the Manheim Index. The average mileage fell to its lowest level since September 2014.

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Risk Unit Prices Dip 7.5% in Q1

Wholesale used vehicle prices inched up in April after starting the year with three consecutive monthly declines, according to the Manheim Index. The average auction price for rental risk units was down 7.5% from a year ago.

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Wholesale Price Decline Continues in March

Wholesale used vehicle prices declined for the third consecutive month, a decrease of 1.6% from a year ago, according to the Manheim Used Vehicle Value Index. Rental risk units had the lowest average mileage since September 2014.

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Rental Risk Units Fall to Lowest Prices in 3 Years

Prices for rental risk units were down 4.1% from a year ago, the lowest February level in three years. The Manheim Index for February finished at 123.3, a decline of 1.4% from a year ago.

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Pickups Remain Strongest Vehicle Segment at Auction

Pickups, both midsize and full-size, remain the strongest segment at auction, while compact cars continue to underperform with a year-over-year decline of almost 9%.

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Manheim Index Up, Risk Average Mileage Dips

At 44,375 miles, average mileage in December was down from November and below its year-ago level. The Manheim Used Vehicle Index was up 1.5% from a year ago.

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Used Vehicle Prices Decline in November

Although wholesale used vehicle prices dropped in November, the Manheim Used Vehicle Value Index was up 1.5% from a year ago. Prices for pickups and sports cars remained strong in November.

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Used Vehicle Prices Up Again in October

Wholesale used vehicle prices were up 2.9% from last October, bringing the Manheim Used Vehicle Index to 125.3. October was the fifth consecutive month of increasing used vehicle prices.

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Lower Mileage Rental Units Boost Auction Pricing

For September, the average mileage on units sold decreased below 45,000 miles, according to Manheim. Truck prices increased while car prices continued to decrease in September, according to both Manheim and ADESA.

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Used Vehicle Prices Increase for Third Consecutive Month

Wholesale used vehicle prices increased slightly in August, bringing the Manheim Used Vehicle Value Index to 124.3. After a four-month decline, the prices have inched up in June, July and August.

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Used Vehicle Prices Continue to Rise After Four-Month Decline

Wholesale used vehicle prices slightly increased in July, bringing the Manheim Used Vehicle Value Index to 124.1. After a four-month decline, the prices have inched up in June and July.

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Growth in Supply Puts Pressure on Used Car Prices

In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.

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Used Vehicle Prices Continue Four-Month Decline

Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.

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Mileage Remains Above 45K on Rental Resale Vehicles

Wholesale used vehicle prices fell 0.5% in March and dropped the Manheim Used Vehicle Value Index to a reading of 124.5, almost equaling a year ago (124.4). Rental resale vehicles remained above 45,000 miles, up 8% from a year ago.

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Used Vehicle Prices Decline After Four-Month Climb

Wholesale used vehicle prices declined in February, according to both Manheim Consulting and ADESA, yet topped last February’s prices. Auction prices of rental risk units were up in February and mileage rose to more than 48,500 miles, according to Manheim.

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