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Cox estimates that used retail sales increased 11% in August from July and that used retail sales were down 9% year over year.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
Read More →Manheim Forecast: Tax refunds and a supply-constrained market will likely lead to another round of price increases in the first half of 2022
Read More →The average listing price dipped again to $27,608, still off the December peak when it surpassed $28,000. But the average listing price was 28% above that of February 2021.
Read More →During the first 15 days of December, the Manheim Used Vehicle Value Index hit 239.8, a 49% increase from December 2020.
Read More →The second quarter – especially April – will be the strongest part of the year for used vehicle sales and values, and then slow down but not crash.
Read More →Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
Read More →Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
Read More →Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.
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