Tagged Used Car Prices

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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January Full-Size SUV Prices Decline

In January, all model classes showed month-over-month and year-over-year price gains — except full-size SUV/CUVs, according to ADESA. Overall, wholesale used vehicle prices were up 2.8% compared to December and up 6.7% year-over-year.

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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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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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Wholesale Vehicle Prices Up .8% Month-Over-Month

According to the latest Kontos Kommentary, average wholesale prices rose slightly. Falling car prices were offset by a rise in truck prices.

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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 Vehicle Prices Up 6% Month-Over-Month

Wholesale used vehicle prices in March averaged $10,815 — up 6% compared to February and up 1.7% relative to March 2015. Car prices continue to show year-over-year declines while prices for pickups and SUVs/crossovers show gains.

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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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Cars, Minivans Continue Downward Price Trend

Wholesale used vehicle prices in February averaged $10,202 — down 0.5% compared to January but up a modest 0.3% relative to February 2015, according to ADESA's monthly analysis. Cars and minivans continue to show year-over-year declines while SUVs/crossovers and pickups show gains.

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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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Truck Prices Keep Used Vehicle Prices Up in January

In January, average wholesale used vehicle prices were up 0.6% year-over-year and up 4.9% month-over-month, according to ADESA. Truck prices were up 10.5% while car and crossover prices fell year-over-year.

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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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Used Vehicle Prices Drop in December

In December, average wholesale used vehicle prices were down 1% year-over-year and down 1.2% month-over-month, according to ADESA. The minivan was the only model class segment to show a significant month-over-month increase.

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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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