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Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 1% in July, which resulted in a Manheim Used Vehicle Value Index reading of 122.7 — an increase of 1.5% from a year ago.
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ALG, the benchmark for forecasting vehicle residual values, says a wave of newer vehicles will gradually bring resale values in line with prices before 2008’s economic downturn.
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This year, the challenges will be both new and old, making fleet planning now more important than ever.
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In the right situations and with the right fleet planning, car rental operators can save up to 20% on depreciation costs with used fleet.
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In June, the new vehicle SAAR (seasonally adjusted annual rate) climbed to almost 17 million — with the help of higher sales into rental, according to Manheim Consulting.
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After increasing for fourth consecutive months, wholesale used vehicle prices declined in May. But with the Manheim Used Vehicle Index at 124.7, this is still an increase of 4.7% from a year ago.
Read More →Although wholesale prices in May dropped 1.5% from their April spring-market/tax-season peak, they still remain above year-ago levels — up 5.4% from May 2013, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
Read More →Wholesale prices remained at high levels in April, reflecting scarcity in supply and abundance of demand, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
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In April, wholesale used vehicle prices continued to increase for the fourth consecutive month. The Manheim Used Vehicle Index now stands at 124.9, an increase of 4.8% from a year ago.
Read More →The dynamics in today's market are eerily familiar to the resale value softness that occurred in the last decade. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016.
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