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Wholesale Prices Show Seasonal Strength

Wholesale Prices Show Seasonal Strength

Wholesale used vehicle prices increased 0.9% in the first 15 days of October compared to the month of September, bringing the mid-month Manheim Used Vehicle Value Index to 162.7, a 16.0% increase from October 2019.

October 20, 2020

KAR Expanding Digital Transaction Capabilities with New Acquistion

KAR Expanding Digital Transaction Capabilities with New Acquistion

KAR Auction Services, Inc. has signed a definitive agreement to acquire BacklotCars Inc., an app and web-based dealer-to-dealer wholesale platform featuring a 24/7 “bid-ask” marketplace and comprehensive vehicle inspections performed by automobile mechanics.

September 25, 2020

Manheim Expands Digital Block Sales to Over 50 Locations
Wholesale Values Continue Slow Decline

Wholesale Values Continue Slow Decline

Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.

September 25, 2020

Rental Agencies Offer Most Savings When Buying a Car

Rental Agencies Offer Most Savings When Buying a Car

iSeeCars.com analyzed over 8.5 million used car sales across the three dealer types and found that rental car dealers consistently provide the greatest savings, while local dealerships are priced close to market value and virtual dealerships are priced above market value.

September 24, 2020

Wholesale Prices Continue Record Highs in August

Wholesale Prices Continue Record Highs in August

Wholesale used vehicle prices increased 3.64% month over month in August, bringing the Manheim Used Vehicle Value Index to 163.7 a 15.8% increase from a year ago and another record-high for the Index, which also occurred in June and July of 2020.

September 9, 2020

Wholesale Values on Track to Hit Record Setting Levels

Wholesale Values on Track to Hit Record Setting Levels

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.4% comparing the first 15 days of August to the full month of July, continuing record setting-performance for wholesale prices.

August 18, 2020

Wholesale Prices Hit Record High in July

Wholesale Prices Hit Record High in July

Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.

August 7, 2020

Wholesale Values Continue Week-Over-Week Growth

Wholesale Values Continue Week-Over-Week Growth

Volume-weighted, wholesale values for overall car and truck segments both showed gains for the ninth week in a row, increasing 1.46% overall last week (compared to 1.45% the prior week).

July 31, 2020

Wholesale Values Start Strong in July

Wholesale Values Start Strong in July

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.4% comparing the first 15 days of July to the month of June, according to data published by Manheim.

July 19, 2020

AutoIMS, Privacy4Cars Establish Personal Info Deletion Services for Remarketed Vehicles

AutoIMS, Privacy4Cars Establish Personal Info Deletion Services for Remarketed Vehicles

Privacy4Cars and AutoIMS are providing visibility to consignors and auctions on the removal of non-public personal information previous owners and drivers may have left in consigned vehicles’ on-board systems, including previous destinations, home address, garage door codes, contact lists, call logs, text messages, device identifiers, and more.

July 10, 2020

Wholesale Prices Reach Record High

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

Manheim Index Shows Historic Spike

Manheim Index Shows Historic Spike

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

Cars and Truck Segment Improvements Reflect Strength in Wholesale Values
Manheim Used Vehicle Index in May Rebounds After Collapse in April