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Wholesale used vehicle prices increased in January and pushed the Manheim Used Vehicle Value Index to a reading of 125.3, an increase of 2.5% from a year ago. Additionally, rental resale vehicles remained at the record high mileage level posted in December.
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December wholesale used vehicle prices fell 0.3% compared to November but increased 2% on a year-over-year basis, according to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices.
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As consumer demand for used cars and trucks remained strong, wholesale used vehicle values increased in the fourth quarter and ended the year at 123.9, a 1.8% increase from a year ago and 2.1% higher than the third quarter, according to the Manheim Used Vehicle Index.
Read More →According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in November averaged $9,862 — up 1.8% compared to October and up 1.1% relative to November 2013. Additionally, SUVs and luxury cars had strong month-over-month gains.
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Average auction prices for rental risk units moved up in November compared to last month, but prices are still down year-over-year, according to the Manheim Used Vehicle Value Index. For the first time ever, rental risk units crossed the 45,000-mile threshold.
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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 →According to ADESA Analytical Service’s September analysis, wholesale used vehicle prices softened again for the fifth consecutive month. Prices in September averaged $9,557, down 0.4% from last month.
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Average auction prices for rental risk units continued to decline in September. After accounting for broad changes in mix and mileage, prices for rental risk units were down 4.5% from a year ago, according to the Manheim Used Vehicle Value Index.
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In August, wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.7%, the fourth consecutive monthly decline, according to Manheim Consulting. ADESA also saw a decrease in wholesale used vehicle prices — down 0.4% compared to August 2013.
Read More →According to ADESA Analytical Service’s July analysis, prices declined between June and July for virtually all model classes. Minivans and mini SUVs were hit the hardest, with price declines of 5.7% and 3.8%, respectively.
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