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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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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.
Read More →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.
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