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Wholesale used vehicle prices inched up in April after starting the year with three consecutive monthly declines, according to the Manheim Index. The average auction price for rental risk units was down 7.5% from a year ago.
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Wholesale used vehicle prices declined for the third consecutive month, a decrease of 1.6% from a year ago, according to the Manheim Used Vehicle Value Index. Rental risk units had the lowest average mileage since September 2014.
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Prices for rental risk units were down 4.1% from a year ago, the lowest February level in three years. The Manheim Index for February finished at 123.3, a decline of 1.4% from a year ago.
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Pickups, both midsize and full-size, remain the strongest segment at auction, while compact cars continue to underperform with a year-over-year decline of almost 9%.
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At 44,375 miles, average mileage in December was down from November and below its year-ago level. The Manheim Used Vehicle Index was up 1.5% from a year ago.
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Although wholesale used vehicle prices dropped in November, the Manheim Used Vehicle Value Index was up 1.5% from a year ago. Prices for pickups and sports cars remained strong in November.
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With nearly 300 registered attendees, the 2015 Auto Rental Summit showcased a keynote by Tom Webb, a visit to a Manheim auction and a presentation by Facebook.
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Wholesale used vehicle prices were up 2.9% from last October, bringing the Manheim Used Vehicle Index to 125.3. October was the fifth consecutive month of increasing used vehicle prices.
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New tools not only automate the checkout and check-in processes but they also streamline aspects of fleet management, such as vehicle movement and inventory, damage documentation and selling at auction.
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For September, the average mileage on units sold decreased below 45,000 miles, according to Manheim. Truck prices increased while car prices continued to decrease in September, according to both Manheim and ADESA.
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