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Used Vehicle Values

Newsby News/Media ReleaseNovember 7, 2023

Wholesale Used Vehicle Prices Reverse Two Months of Gains

October’s price decline is eerily similar to last October’s 2.2% drop, and this was not unexpected as the market remains balanced.

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Newsby News/Media ReleaseOctober 17, 2023

Wholesale Used Vehicle Prices, Consumer Confidence Dip

Almost all major market segments saw seasonally adjusted prices that were again lower year over year in the first half of October.

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Newsby News/Media ReleaseOctober 9, 2023

Used Vehicle Supply Tightens as October Starts

The overall used-vehicle inventory volume is still considered limited and has been stuck in the 2.2 million to 2.3 million range for the past four months.

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Newsby News/Media ReleaseOctober 6, 2023

Wholesale Used-Vehicle Prices Increase in September

September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.

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Newsby News/Media ReleaseOctober 6, 2023

Used Vehicle Values Showing Balance After Steep Declines in Q2

The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.

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Newsby News/Media ReleaseSeptember 26, 2023

Buy and Sell Used EVs on New Online Marketplace

Plug is an online used EV wholesale marketplace to facilitate the buying and selling of used EVs among dealers.

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Newsby News/Media ReleaseSeptember 19, 2023

Wholesale Used-Vehicle Prices Rise in First Half of September

During the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 0.3%, which was less than half of the normal decline for this time of year.

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NewsSeptember 15, 2023

How Will UAW Strike Affect New, Used, and Rental Vehicles?

Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.

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Newsby News/Media ReleaseSeptember 9, 2023

Wholesale Used-Vehicle Prices and Sales Holding Steady

With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.

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Newsby News/Media ReleaseSeptember 8, 2023

Used Vehicle Supply Drops on Strong Sales

The number of used vehicles for sale had been increasing after hitting a low point in March but that increase in inventory stalled in mid-July and into August, as sales unexpectedly picked up.

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