Wholesale Prices Reach Record High
Wholesale used vehicle prices increased 8.95% month over month in June, bringing the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index.
July 8, 2020
Wholesale used vehicle prices increased 8.95% month over month in June, bringing the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index.
July 8, 2020
If the mid-month value of the Manheim Index holds for the full month, wholesale values will have completely recovered from the March and April declines.
June 24, 2020
The second week of June continued a story of rebounding wholesale prices, with volume-weighted overall car and truck segments both showing gains for a third week in a row, gaining 0.62% overall, Black Book reported.
June 22, 2020
Wholesale used vehicle prices increased 8.96% month-over-month in May 2020, bringing the Manheim Used Vehicle Value Index to 137%, which is 1.9% lower than it was at the same time in 2019.
June 7, 2020
The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
May 28, 2020
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
May 20, 2020
In the city that was the epicenter for the coronavirus pandemic, auto sales are expected to rebound to year-over-year parity by the end of April, the Reuters report states.
April 11, 2020
KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus pandemic continues to evolve, according to KAR Auction Services.
March 16, 2020
Manheim will implement Simulcast-only sales at all of its U.S. locations effective March 16 to April 3, following the ongoing public health and safety concerns of COVID-19.
March 16, 2020
Nearly three in five (58%) of those planning to spend their 2019 tax refunds intend to put them toward a car purchase, the survey found.
March 8, 2020
The memories of the stripped-down rental car are gone. What’s changed, and how has it affected the new and used vehicle ecosystem?
January 30, 2020
The latest AAA Foundation research found that between 2008 and 2012 — the five-year period before the drug was legal — an estimated 8.8% of Washington drivers involved in fatal crashes were positive for THC.
January 30, 2020
The fully automated damage inspection portals from ProovStation can identify scratches as small as a millimeter, according to the company.
January 12, 2020
The used car market has adopted a Swiss Army-knife approach to managing the “off-lease tsunami,” which turned into a manageable rising tide. Are new market dynamics breathing life into a segment left for a dead, the midsize sedan?
November 18, 2019
The annual program recognizes Enterprise Holdings’ automotive auction partners for their exceptional services and support efforts to remarket the company’s late-model, low-mileage, well-maintained rental, and fleet vehicles to potential buyers.
November 10, 2019