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For the first time since August 2014, average wholesale used vehicle prices fell on a year-over-year basis, according to ADESA.
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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 →For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year, according to ADESA.
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Wholesale used vehicle prices slightly increased in July, bringing the Manheim Used Vehicle Value Index to 124.1. After a four-month decline, the prices have inched up in June and July.
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In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.
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Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.
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.
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Wholesale used vehicle prices fell 0.5% in March and dropped the Manheim Used Vehicle Value Index to a reading of 124.5, almost equaling a year ago (124.4). Rental resale vehicles remained above 45,000 miles, up 8% from a year ago.
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Wholesale used vehicle prices declined in February, according to both Manheim Consulting and ADESA, yet topped last February’s prices. Auction prices of rental risk units were up in February and mileage rose to more than 48,500 miles, according to Manheim.
Read More →Average wholesale used vehicle prices rose significantly in January on both a month-over-month and year-over-year basis — up 3.6% compared to December and up 2.4% relative to January 2014, according to ADESA Analytical Services‘ monthly analysis of wholesale used vehicle prices.
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