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In January, average wholesale used vehicle prices were up 0.6% year-over-year and up 4.9% month-over-month, according to ADESA. Truck prices were up 10.5% while car and crossover prices fell year-over-year.
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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%.
Read More →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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