This reader is asking for guidance when trying to determine whether good deals on used cars would be beneficial to a company's 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.
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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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Wholesale used vehicle prices continued to increase and rose 0.9% in March. The Manheim Used Vehicle Index now stands at 124.4, an increase of 3.3% from a year ago.
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CPS (Consumer Portfolio Services) announced its top performing auctions through its Auction Recognition Program for 2013 at the CAR conference in Las Vegas in early March.
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Manheim recently opened a new service center in Riverside, Calif., taking over a former newspaper printing plant. The result has been a boon for the auction, its partners, and the community.
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Wholesale used vehicle prices rose 0.8% in February while used vehicle sales declined 1.3%. The Manheim Used Vehicle Value Index now stands at 123.3, an increase of 1.1% from a year ago.
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After a decline in December, wholesale used vehicle prices rose 0.5% in January. The Manheim Used Vehicle Value Index now stands at 122.3, a decline of 0.9% from a year ago.
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With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used, and wholesale marketplaces.
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