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The NADA predicts the supply of luxury used vehicles up to 5 years old will decline by 13% in 2012 compared to a year ago, resulting in an average price increase of 1.9% this year.
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Manheim reports that the Manheim Used Vehicle Value Index dipped to 119.1 in May, though the decline was significantly smaller than any of the previous four months. Rental risk prices flat year over year.
Read More →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.
Read More →The decline in values this month reflect “better than normal December activity and value movement” and a more stable market, says Ricky Beggs, managing editor of Black Book.
Read More →Despite the overall decline in vehicle values, auction activity picks up in final two weeks.
Read More →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.
Read More →A mixed sales bag included gains at dealer auctions from trade-ins, a spike in used EV sales, and a spurt in 1–2-year-old vehicles from rental fleets.
Read More →Members will have access to free webinars, training courses and educational events, marketing tools, whitepapers, sponsorship, and advertising opportunities, reduced registration at GGTI partnered events, and access to a database of more than 200,000 corporate fleet and travel managers.
Read More →Vehicles over 100,000 aren’t depreciating at the same as they used to due mostly to a tight supply of late-model used vehicles, according to Edmunds’ Q3 Used Vehicle Market Report.
Read More →A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
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