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Pickups, both midsize and full-size, remain the strongest segment at auction, while compact cars continue to underperform with a year-over-year decline of almost 9%.
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In December, average wholesale used vehicle prices were down 1% year-over-year and down 1.2% month-over-month, according to ADESA. The minivan was the only model class segment to show a significant month-over-month increase.
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At 44,375 miles, average mileage in December was down from November and below its year-ago level. The Manheim Used Vehicle Index was up 1.5% from a year ago.
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Carsharing, leasing and technology were popular topics among the most read feature stories on AutoRentalNews.com during 2015.
Read More →Average wholesale used vehicle prices were up 1.1% month-over-month in November — largely driven by truck prices as in previous months, according to ADESA.
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Although wholesale used vehicle prices dropped in November, the Manheim Used Vehicle Value Index was up 1.5% from a year ago. Prices for pickups and sports cars remained strong in November.
Read More →Similar to September, prices for trucks pushed up average prices in general during October. Average wholesale used vehicle prices were up 5.2% year-over-year and down 0.6% month-over-month, according to ADESA.
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Wholesale used vehicle prices were up 2.9% from last October, bringing the Manheim Used Vehicle Index to 125.3. October was the fifth consecutive month of increasing used vehicle prices.
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Black Book’s Market Insights report showed a decline in the used vehicle market, including compact car's 52-week steep decline.
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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.
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