Tagged Used Car Prices

Used Vehicle Prices Fall Below $10K

For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year, according to ADESA.

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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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Used Prices Perform Stronger in Truck Classes

Average wholesale used vehicle prices rose in March on both a month-over-month and year-over-year basis — up 4.7% compared to February and up 2% relative to March 2014, according to ADESA Analytical Services‘ monthly analysis of wholesale used vehicle prices. The truck classes (vans, SUVs, pickups) performed much stronger than the car and crossover classes.

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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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January Used Vehicle Prices Up Year-Over-Year, Month-to-Month

Average wholesale used vehicle prices rose significantly in January on both a month-over-month and year-over-year basis — up 3.6% compared to December and up 2.4% relative to January 2014, according to ADESA Analytical Services‘ monthly analysis of wholesale used vehicle prices.

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Mileage Stays High on Rental Resale Vehicles in January

Wholesale used vehicle prices increased in January and pushed the Manheim Used Vehicle Value Index to a reading of 125.3, an increase of 2.5% from a year ago. Additionally, rental resale vehicles remained at the record high mileage level posted in December.

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December Used Vehicle Prices Up Year-Over-Year

December wholesale used vehicle prices fell 0.3% compared to November but increased 2% on a year-over-year basis, according to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices.

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Used Car Market Sees Strong Year-End Close

As consumer demand for used cars and trucks remained strong, wholesale used vehicle values increased in the fourth quarter and ended the year at 123.9, a 1.8% increase from a year ago and 2.1% higher than the third quarter, according to the Manheim Used Vehicle Index.

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Low Gas Prices Contribute to Strong SUV, Luxury Vehicle Prices

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in November averaged $9,862 — up 1.8% compared to October and up 1.1% relative to November 2013. Additionally, SUVs and luxury cars had strong month-over-month gains.

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Rental Resale Vehicles Reach Highest Mileage Ever

Average auction prices for rental risk units moved up in November compared to last month, but prices are still down year-over-year, according to the Manheim Used Vehicle Value Index. For the first time ever, rental risk units crossed the 45,000-mile threshold.

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