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The August 2015 average rate quote decreased $5.29 from last year, according to The Tennant Group and Rate-Highway's 50-City rate survey. The quotes have been down an average of $2.93 in the past year.
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With prices rising again in August, the Manheim Used Vehicle Index now stands at 122.3, an increase of 1.3% from its year-ago level. This is the third straight monthly increase.
Read More →Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) ticked up in October, after declining in each of the previous five months, according to Manheim Consulting. Auction volumes of rental risk units were up significantly in October due to recall-delayed selling.
Read More →For September, the average mileage on units sold decreased below 45,000 miles, according to Manheim. Truck prices increased while car prices continued to decrease in September, according to both Manheim and ADESA.
Read More →In October’s 50-city survey, rate quotes for the top 50 airports were down 2.2% from a year ago, the fourth consecutive month with a drop from last year. Fort Myers’ Southwest Florida International Airport (RSW) had the highest average quote in October at $68.93.
Read More →Wholesale used vehicle prices increased slightly in August, bringing the Manheim Used Vehicle Value Index to 124.3. After a four-month decline, the prices have inched up in June, July and August.
Read More →Wholesale used-vehicle prices in June averaged $10,278 – down 2.6 percent from May and up 1.4 percent versus prior year. The mid-size cars and minivans segments saw significant price declines last month.
Read More →Hertz Rent2Buy has partnered with Dealix’s flagship website to expand its online car sales reach.
Read More →According to ADESA Chief Economist Tom Kontos, August wholesale used car prices increased 2.3% compared to July.
Read More →The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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