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After increasing slightly in November, wholesale used vehicle prices declined 0.6% in December. The Manheim Used Vehicle Value Index now stands at 121.7, a decline of 1.9% from a year ago.
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According to ADESA, wholesale used vehicle prices resumed their softening in December due to rebounding supply, which is putting downward pressure on wholesale prices.
Read More →Despite a slight decline in wholesale used vehicle prices in the last quarter of 2013, prices remained at historically high levels as consumer demand for used vehicles remained strong.
Read More →According to ADESA, November’s wholesale prices are up partly due to a shift in the mix of vehicles being sold — younger off-rental and off-lease units as opposed to older dealer consigned vehicles.
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After declining in October, wholesale used vehicle prices slightly increased in November. The Manheim Used Vehicle Index now stands at 122.4, a decline of 0.2% from its year-ago level.
Read More →According to ADESA, strength in October prices is partly due to more high-priced program units remarketed by manufacturers.
Read More →ADESA Analytical Services and the Manheim Index both showed strong rental risk prices in September, but differed on results of overall wholesale used vehicle prices.
Read More →According to ADESA Chief Economist Tom Kontos, August wholesale used car prices increased 2.3% compared to July.
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With prices rising again in August, the Manheim Used Vehicle Index now stands at 122.3, an increase of 1.3% from its year-ago level. This is the third straight monthly increase.
Read More →Tom Kontos, ADESA’s chief economist, reports that wholesale used car prices continued to soften in July but not as much as in June.
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