Tagged Manheim

Manheim Improves Vehicle Valuation Tool

Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.

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Manheim's Cadigan Retires After 40-Year Career

Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.

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Manheim Used Vehicle Value Index Rises in Third Consecutive Month

The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.

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Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

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Used Vehicle Prices Reach Record High, Manheim Says

Wholesale values for used vehicles reach a record-high of 127.9, while new vehicle sales dropped 2% compared to last year.

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Pickup Trucks See Wholesale Gains

Overall wholesale used-vehicle prices (on a mix-, mileage-, and seasonally-adjusted basis) improved 0.5% month-over-month in April. On a year-over-year basis in April, only pickups saw gains greater than the overall market.

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Manheim: Used-Car Reports Signal Stability

While wholesale used-vehicle prices declined by 0.5% in March, the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — came to a reading of 124.1. This is an increase of 1.3% from a year ago.

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February Pricing for Risk Units Up 5% YOY

Rental risk units were up from a year ago due to mix shifts and mileage changes as well as a weakness in the used vehicle market last year, according to Manheim. The Manheim Used Vehicle Value Index stood at 124.6 for February.

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Used Vehicle Volume Grew 6% in '16

The National Auto Auction Association (NAAA) estimates that its members sold 9.9 million vehicles in 2016, a 6% improvement over the year before, according to Manheim’s 2017 Used Car Market Report.

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Used Pickups, Vans Start 2017 Strong

On a year-over-year basis, 2017 started the same as all of 2016 — trucks and vans up and cars down, according to Manheim. New vehicles sales into rental declined by approximately 7% in January compared to January 2016.

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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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Monthly Wholesale Prices Continue to Slide, Manheim Says

Wholesale used vehicle prices declined 1% in November, continuing the downward trend that was 0.7% last month, according to Manheim's Used Vehicle Value Index.

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Wholesale Used-Vehicle Prices Decline in October, Manheim Says

Wholesale used-vehicle prices declined in October 0.7% and non-seasonally adjusted prices declined 2%, showing a downward trend for all vehicle segments in recent months.

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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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