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With prices increasing in July, the Manheim Used Vehicle Value Index currently stands at 120.9, a decline of only 0.2% from its year-ago level. This is the second straight monthly increase despite higher supplies.
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Tom Kontos, ADESA’s chief economist, reports that wholesale used vehicle prices for June continue to soften while the used vehicle supply continues to recover.
Read More →Pickup trucks outperform; midsize and compact cars see biggest drop; rental risk prices strong.
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Manheim reports that the Manheim Used Vehicle Value Index dipped to 119.1 in May, though the decline was significantly smaller than any of the previous four months. Rental risk prices flat year over year.
Read More →Black Book reports that five used car segments are experiencing price declines in May.
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As in March, wholesale used vehicle prices rose seasonally but fell annually in April, indicating continuation of a softening overall pricing environment.
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Prices for rental risk units sold at auction were 4.1% lower than their year-ago levels.
Read More →The newest Kontos Kommentary from ADESA indicates a softening overall pricing environment compared to the past three spring/tax seasons.
Read More →The latest Kontos Kommentary looks at February wholesale pricing, which dropped by 2.8% compared to January.
Read More →According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, January pricing rose year-over-year as well as compared to December 2012. This rise is partly due to an influx of off-rental units that pushed average prices upward, says ADESA's Chief Economist Tom Kontos.
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